Moody’s Investors Service on Wednesday said Bharti Airtel has the financial capacity to withstand a payout of $5 billion in statutory dues.
“Recent capital-raising activities provide additional liquidity to fund the AGR payment,” it said. The AGR payment is a cash obligation of the Indian operations.
Meanwhile, Vodafone Idea has written to Centre seeking help to pay the balance dues. The same letter also is written to Niti Aayog and Finance Minister seeking facilitation of the payment. VIL has dues of Rs 53,000 crore towards AGR though its self-assessment is apparently a much lower figure.