Airtel Won’t Avail Option To Convert Interest On Dues Into Equity

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Airtel Won't Avail Option To Convert Interest On Dues Into Equity

Airtel said it has informed the Telecom Department about its decision.

New Delhi:

Telecom operator Bharti Airtel will not avail the option of conversion of the interest on deferred spectrum and AGR dues into equity, under the reforms package, according to a regulatory filing by the company on Friday.

Airtel said it has informed the Telecom Department about its decision.

“… We wish to inform you that the company has confirmed to DoT (Department of Telecom) that it will not avail the option of conversion of the interest on deferred spectrum and AGR (Adjusted Gross Revenue) dues into equity,” Airtel said in a BSE filing.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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