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
In India the opportunity for home broadband is large, the number of connections underserved, which means there is a huge opportunity to wire up homes, says Gopal Vittal
The consolidated net debt of Airtel increased to Rs 95,228 crore at the end of March 2018 from Rs 91,714 crore at the end of December 2017
The S&P BSE Telecom index, the largest gainer among sectoral indices, was up 1.6%, hit record high of 1,624 in intra-day trade on Monday.