Timely fundraise, optimal capital structure put Airtel in a far more improved zone: Gopal Vittal

NEW DELHI: Bharti Airtel is in a far more improved zone through an “optimal capital structure” and “well timed fund raises”, CEO Gopal Vittal said during an analyst call. He added that the telco raised almost $12 billion in the last few years and have also recently refinanced high cost debt at attractive rates.

“Despite the AGR liability, leverage at 2.95 is comfortable vs. global peers. If we break down the overall debt, DoT and AGR debt itself account for ~56 per cent. In addition, accounting leases contribute to ~19 percent of the debt. It is also heartening to see that our investments such as Bangladesh & Africa are now becoming attractive,” Vittal said.