At ₹9,500 crore, Airtel’s is the highest upfront offer for RCom assets

MUMBAI : Bharti Airtel Ltd has offered the highest upfront cash settlement among four bidders for Reliance Communications Ltd’s assets, which are currently under insolvency proceedings, said two people directly aware of the matter.

Bharti Airtel has offered about ₹9,500 crore to acquire the assets that include spectrum, telecom towers, fibre, data centres and real estate, the people cited above said on condition of anonymity. Upfront cash is often a key factor that creditors evaluate while deciding on a winning bidder.

“The conditions put forth by Airtel in their bid could reduce the viability of their bid,” one of the two people said, without elaborating. Mint could not immediately ascertain the nature of those conditions.