Airtel board to decide on converting pending spectrum dues: Gopal Vittal

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Airtel board to decide on converting pending spectrum dues: Gopal Vittal - Business Standard

Quick Summary:

The telco’s net profit rose 432 per cent year-on-year (Y-o-Y) to ₹11,022 crore in the January–March quarter (Q4) of FY25, up from ₹2,071.6 crore a year earlier.

The increase was driven by telecom tariff hikes in July last year, strong underlying momentum in India, and sustained constant-currency growth in Africa.

The provision also left open the possibility of converting the moratorium principal into equity around the end of the four-year period in September 2025.