https://ift.tt/2IVHF6y

S&P Global Ratings said Thursday Bharti Airtel's sale of a minority stake in its Africa subsidiary will ease some pressure on the rating of the India-based telecom company. Six global investors, including Warburg Pincus, Temasek, Singtel and SoftBank Group International, have agreed to invest USD 1.25 billion through a primary equity issuance in Airtel Africa. "Bharti Airtel's sale of a minority stake in its Africa subsidiary will ease some pressure on the rating on the India-based telecommunications company. Bharti will use the proceeds of about USD 1.25 billion to repay of debt," S&P Global Ratings said in a statement. Despite the reduction in leverage, S&P said it continues to see risk of a downgrade if the business performance of Bharti does not improve in line with our expectation over the next 12-18 months, such that the ratio of funds from operations to debt remains below 20 per cent, it said. Bharti continues to prudently manage its leverage by exploring options ..

from Markets https://ift.tt/2OPTWMW

Comments

Post a Comment

Popular posts from this blog

MPL accuses ASCI of 'tampering' with ads

Mumbai: Galactus Funware Technology, the parent company of online gaming platform MPL (Mobile Premier League), has issued a legal notice to the Advertising Standards Council of India (ASCI), demanding the immediate withdrawal of a whitepaper titled 'Examining Opinion Trading in India' and seeking ₹50 crore in damages for alleged defamation and loss of goodwill.The legal notice, dated May 23, 2025, sent through their legal counsel Trilegal, accuses ASCI of publishing a "biased and unsubstantiated" whitepaper that relies on "tampered" versions of MPL's advertisements and misrepresents their content to mislead consumers.Edited screenshotsGalactus Funware claims that the ASCI whitepaper, published in May 2025, deliberately edited screenshots of their advertisements to support a "baseless conclusion" that opinion trading involves an "element of risk" and "chances of financial losses".The notice highlights specific instances of al...
Read more