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.
