The telco s imminent move is the likely trigger for its key promoter company, Bharti Telecom (BTL), to set in motion plans to raise around 8,000 crore (under $1 billion) in multiple tranches via NCDs (non-convertible debentures). "BTL, which owns 38.75% in Airtel, is likely to use the funds raised to subscribe to its balance entitlement in the telco s near 21,000-crore rights issue that had closed just over two years ago," a person aware of the matter told ET.
Newswire & Press Release / Singtel Applauded by Frost & Sullivan for Its Enabling 5G Technology, Tech Innovation, and Market-leading Position - Telecom / Wireless / VoIP / IPTV - Frost & Sullivan
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Newswire & Press Release / Singtel Applauded by Frost & Sullivan for Its Enabling 5G Technology, Tech Innovation, and Market-leading Position - Telecom / Wireless / VoIP / IPTV - Frost & Sullivan
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Singtel Applauded by Frost & Sullivan for Its Enabling 5G Technology, Tech Innovation, and Market-leading Position
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Australia beefs up cyber defences after major breaches
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