Bharti Airtel Considers a $1 Billion Capital Raising to Cover Spectrum Dues: Report

Later this month, Bharti Airtel is set to meet with prominent global banks such as Barclays and Citi to discuss the preferred manner of financing and pricing.

[{"selector":"#anim-9032b7cb-3d98-4669-b93c-e090a786335b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(14.442567772559553%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ec39e0fc-afbb-400d-9025-2d39866235d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc9c6ce7-8bd6-48fe-bb01-52adffd54ca6","keyframes":{"transform":["translate3d(0px, 126.49177%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-012eadf6-626f-43f5-8aa0-c94c692b39de","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-535377d3-2d4b-4456-a559-998e4161d03a","keyframes":{"transform":["translate3d(0px, 104.85400%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

In 2015, the corporation must settle Rs 12,000 crore in deferred obligations related to the spectrum purchase.

[{"selector":"#anim-4ac457f1-d0ee-43fd-b4f5-550328a272fb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3d3ebb0c-d2f2-4d10-99c1-6a01c506f300","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4c10eafa-e73e-478a-b84d-4c81aa8a6557","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-640b4fab-9b88-463a-936e-b63b4cddbb47","keyframes":{"transform":["translate3d(0px, 175.46901%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7907417d-4b5b-4892-b735-745f6b3320e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(20.877308284952612%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Airtel may also contemplate using part of its outstanding rights issue earnings to prepay some of the 2015 spectrum auction fees.

[{"selector":"#anim-867ff995-f92a-4540-9604-96b15cffd5e8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.34697180389071%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-75989bb1-a8e0-4a9a-8e70-883308444a80","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-478c8d5d-49f9-466a-9e65-b5907c508ba8","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3bce74ec-eb3c-4eb0-98f5-66270d5381a6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a357db10-2635-4108-905d-bb2d5435fab2","keyframes":{"transform":["translate3d(0px, 176.76769%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Two years ago, the telecom collected Rs 5,247 crore in the first tranche of a Rs 21,000 crore rights offering.

[{"selector":"#anim-2dd58bf4-4876-47e7-a0e0-bec913179976 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-10.040188593646377%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bfa031b0-d162-4a68-b826-6607d7ddb6ff","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-243b6267-3e4d-4fee-92b7-36b928bc2777","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbe1783d-e658-4424-be39-9ff5ffc7b788","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-437965b2-bdad-441f-a91d-8dc5d7b757b3","keyframes":{"transform":["translate3d(0px, 192.11477%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

According to the article, the refinancing will help Bharti Airtel save on yearly interest expenses

[{"selector":"#anim-0154ddb6-cdc4-4f1d-956f-002032a1a3ab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(23.694349599636197%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6b6078a5-998b-46c3-a608-0f6cfda85b62","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af3aa790-f1d7-4849-845f-5261060e7184","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e6ca6b3-4493-45b4-81a0-6ea63f709960","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ea566b6e-47d7-450c-b166-8a01e3838569","keyframes":{"transform":["translate3d(0px, 192.11477%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Two years ago, the telecom collected Rs 5,247 crore in the first tranche of a Rs 21,000 crore rights offering.

[{"selector":"#anim-ebd6b3fe-f34a-4a63-975d-595162b4c265 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.2500000167580012%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-65bd41cc-f870-42b3-85b0-cf6b832598f6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc8df750-2bf2-4c1f-8a78-10d3b4f4f96f","keyframes":{"transform":["translate3d(0px, 105.65881%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-93caec96-1afe-4b15-98b4-88fc59994990","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-62f1b34d-74a2-4421-b4cd-412f69ddc970","keyframes":{"transform":["translate3d(0px, 192.11477%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]