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Bharti Airtel: In the meantime, the telco will miss meeting the minimum rollout obligations for the first year of 5G spectrum acquisition in 15 out of the 17 circles it has bought spectrum in, and will have to pay Rs 12-13 crore in liquidated damages as a consequence, Moondra said, speaking at the telco’s fiscal first quarter earnings call.
Earlier this week, loss-making Vi said one of its promoters had agreed to provide direct or indirect financial support to the extent of Rs 2,000 crore for meeting the telco’s impending payment obligations. Vi did not name the specific promoter.
Earlier this week, loss-making Vi said one of its promoters had agreed to provide direct or indirect financial support to the extent of Rs 2,000 crore for meeting the telcos impending payment obligations. Vi did not name the specific promoter.