Airtel has already announced such offers for its fibre broadband
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he two companies are , however, are not interested in buying spectrum held by RCom
The company said it is keeping razor-sharp focus on driving greater realisation and ARPU
Investors should watch mobile broadband subscriber addition, sale of non-core assets, and other balance sheet deleveraging plans
But the Department of Telecom is yet to take this merger on record and is likely to challenge the deal in the Supreme Court.
Airtel and Vodafone Idea had recently concluded their rights issue to pare debt. They raised Rs 25,000 crore each from their respective offers
In October 2016, Trai had recommended imposing a total penalty of Rs 3,050 crore on Airtel, Vodafone and Idea (now merged) for allegedly denying inter-connectivity to Reliance Jio
The regulator responded on June 21, saying that there was no question of any change in the fine
Coupled with the recent rights issue and the initial public offering of its Africa business, Moody's felt this would help bring its debt-to-Ebitda, or leverage, ratio below 3.5 times by March 2020
Airtel inches forward on broadband base
Apart from China, the largest consumer of fibre, demand across the world is expected to rise as more countries move to 5G
Experts believe the move will lead to better network utilization, as spectrum will now be with Bharti Airtel along with enhanced customer base
In Kolkata, Airtel will use 900 Mhz frequency band for 4G service which was earlier being used for 3G
The final pricing is expected to be announced on or around June 28, 2019, on the London Stock Exchange, according to a filing