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Bharti Airtel not to buy 5G spectrum in upcoming auction at Trai recommended price

06 Feb 2020 Evaluate

Bharti Airtel is not going to buy 5G spectrum in the upcoming auction if its base price is fixed at Rs 492 crore per megahertz as recommended by the telecom regulator Trai. The company has stressed balance sheet reeling under debt of Rs 1.14 lakh crore with liability to clear statutory dues of around Rs 35,500 crore, following a Supreme Court order in October 2019 that upheld the government's stand on calculating levies over telecom licences.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

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Company Name CMP
Bharti Airtel 1970.00
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