Airtel's debt to rise ₹13,000 cr on spectrum buys: Moody's
Telecom major Bharti Airtel’s debt will increase by around $2 billion (over ₹13,300 crore) due to purchases in the recent spectrum auction, ratings agency Moody’s Investors Service said on Wednesday. However, India's largest telecom operator will be able to reduce debt levels in the next 6-12 months with cash flows from operations, it added.