Airtel seeks conversion of spectrum dues into equity

AFTER Vodafone Idea, Bharti Airtel has approached the government for conversion of its deferred spectrum dues into equity.

- ENS ECONOMIC BUREAU @ New Delhi

The telecom giant has emphasised the need for a level playing field in the implementation of the 2021 telecom reforms package and has called for equitable treatment of all operators, particularly with regard to government relief on statutory dues.

According to reports citing sources, Airtel has also requested the adjustment of excess payments made in earlier years. This move follows the government's decision to convert Vodafone Idea's spectrum dues worth ₹36,950 crore into equity, raising its stake in the company to nearly 49% as of March 30.