Telecos Bharti Airtel
Bharti Airtel to allot 3.86 million equity shares to certain FCCB holders
Bharti Airtel on Friday said it will allot 38.6 lakh equity shares to certain FCCB holders at a conversion price of Rs 518 per equity share. This follows receipt of notice for conversion of FCCBs (Foreign Currency Convertible Bonds) of principal value of USD 27,795,000 from the FCCBs holders. Accordingly, it said, the paid-up equity share capital of the company has increased. The telco's committee of directors for fundraising approved the allotment of shares to these FCCB holders on Thursday, according to a regulatory filing. "...upon receipt of notices for conversion of FCCBs of principal value of USD 27,795,000 from certain FCCBs holder(s), the Special Committee of Directors for Fund Raising has, today, that is on February 01, 2024, approved the allotment of 3,864,800 fully paid-up equity shares of face value Rs 5 each at a conversion price of Rs 518 per equity share to such holder(s) of FCCBs," the filing said. FCCB is a debt instrument to raise funds from overseas market. Such
 "Bharti Airtel to allot 3.86 million equity shares to certain FCCB holders")
Airtel opts to defer payment of Rs 3,000-cr AGR dues up to FY19 by 4 years
Telecom companies were offered a four-year moratorium on their AGR dues spectrum dues up to FY17, in line with a Supreme Court order
 "Airtel opts to defer payment of Rs 3,000-cr AGR dues up to FY19 by 4 years")
Govt likely to reject telcos' demand for 2-year spectrum fee moratorium
Recently, SC had upheld the government's definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending dues that could add up to an estimated Rs 1.33 trillion
 "Govt likely to reject telcos' demand for 2-year spectrum fee moratorium")
Airtel drives telecom sector's AGR to 5-quarter high to 8.8% in Q1FY20
While Vodafone Idea continued to show negative AGR growth (-6%) and Jio (9%) remained stable
 "Airtel drives telecom sector's AGR to 5-quarter high to 8.8% in Q1FY20")
Bharti Airtel may not buy 5G spectrum and 'expensive' 700 MHz airwaves
The deal was made official in July this year when Bharti Airtel and Bharti Hexacom announced the merger of the consumer mobile businesses of TTSL and TTML with the two Bharti group firms
 "Bharti Airtel may not buy 5G spectrum and 'expensive' 700 MHz airwaves")
Telecom shares in focus; Bharti Airtel, Idea Cellular up 2%
Idea Cellular was up 3% at Rs 89, while Bharti Airtel by 2% at Rs 348, against 0.25% decline Sensex
 "Telecom shares in focus; Bharti Airtel, Idea Cellular up 2%")
