Airtel has financial capacity to withstand ₹35,300 crore AGR payout: Moody’s

New Delhi: Moody’s Investors Service said on Wednesday said Bharti Airtel has the financial capacity to withstand a payout of USD 5 billion in statutory dues.

The Supreme Court earlier this month directed telecom firms to comply with its October 24, 2019 judgment upholding the Department of Telecommunication’s (DoT) definition of adjusted gross revenues (AGR).

Bharti recorded a ₹35,300 crore (USD 5 billion) liability for past-due AGR fees associated with this litigation, but is still completing its self-assessment to determine the final amount, Moody’s said.