DoT says 10% of the outstanding on day of SC verdict last year has to be paid by Airtel, Vi
Telecom operator Bharti Airtel and US chipmaker Qualcomm on Tuesday announced collaboration for accelerating 5G in India. Airtel recently became India's first telco to demonstrate 5G over a live commercial network in Hyderabad city, underlining the company's technology capabilities. "Through Airtel's network vendors and device partners, Airtel will utilize the Qualcomm 5G RAN Platforms to roll-out virtualized and Open RAN-based 5G networks. Airtel, as a board member of the O-RAN Alliance, is committed to driving the success of O-RAN and is working with Qualcomm Technologies to explore and implement the O-RAN approach for India," according to a company statement. The flexible and scalable architecture of O-RAN will enable new opportunities for small and medium-sized businesses to become viable players in the deployment of 5G networks, it added. Open RAN or open radio access network architecture is an industry terminology for interoperability and standardisation of radio access netwo
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Airtel is also looking to collaborate with Qualcomm for 5G Fixed Wireless Access (FWA) to deliver broadband connectivity at Gigabit speeds to homes and businesses
S & P Global Ratings on Tuesday assigned BBB negative long-term issue rating to senior unsecured notes that Bharti Airtel Ltd proposes to issue.At the same time, it assigned BB long-term issue rating to proposed subordinated perpetual securities (PERPS) issued by Network i2i Ltd and guaranteed by Bharti Airtel.Bharti Airtel will use the proceeds for capital expenditure, repayment of existing debt or any other purpose as allowed by regulations.The proposed PERPS are similar to the existing PERPS, ranking senior only to Bharti Airtel's equity. They will have five-year resettable coupons starting from 5.25 years with step-ups of 25 basis points after the initial term of 10.25 years and a further 75 basis points after 25.25 years."Hence, we consider the PERPS to have an effective maturity of 25.25 years," said S & P."Consequently, we assess the proposed PERPS as having intermediate equity content up to the first reset date at 5.25 years."This is because the remaining period until .
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