Bharti Airtel put on negative watch by Fitch after Supreme Court's AGR setback
Updated : October 31, 2019 10:30 AM IST
The development comes following the uncertainties regarding the amount and timing of unpaid regulatory dues in view of the Supreme Court ruling in favour of the Telecom department regarding the definition of adjusted gross revenue (AGR).
The telecom giant along with Vodafone is likely to skip the upcoming 5G spectrum auction.
The agency further added that Airtel’s funds from operations (FFO) adjusted net leverage could worsen further.