Bharti Airtel on Thursday said that Bharti Telecom and Singtel have mutually agreed to amend the existing shareholders' agreement to better align with business requirements and governance standards, and that as part of the changes, Singtel has relinquished "several key reserved rights".
India's second-largest telecom service provider Bharti Airtel will call in March 2026 the final tranche of about Rs 15,741 crore from its 2021 rights issue of Rs 21,000 crore, proceeds from which will be used towards retiring majority of non-government-related debt.
The sale proceeds will be fully utilised to repay debt at Bharti Telecom and will make the promoter holding firm a 'debt free company'.
Touchtel, India's first private fixed line telephone service provider from Bharti Telecom Limited, on Wednesday announced the slashing of ISD and STD rates.
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