Interest on dues: Airtel not availing fairness conversion

After availing the choice of four-year moratorium on cost of adjusted gross income (AGR) and spectrum dues, Bharti Airtel on Friday instructed the Department of Telecommunications (DoT) that it’s going to not go for conversion of the curiosity element into fairness.
Under the telecom reforms bundle of September 2021, operators had the choice to supply fairness to the federal government in lieu of the curiosity a part of the dues.
“…We wish to inform you that the company has confirmed to DoT that it will not avail the option of conversion of the interest on deferred spectrum and AGR dues into equity,” Bharti stated in a regulatory submitting. Vodafone Idea, which has additionally opted for the moratorium provide, is but to take a choice on the choice of conversion of the curiosity into fairness half.
The DoT had issued a notification to telecom operators on October 14, looking for to know their choices round moratorium and fairness conversion.