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Bharti Airtel gross debt to increase by Rs 5,900 crore
12:48 PM 23-Aug-2013
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Industry: Telecom Company Bharti Airtel Ltd

Bharti Airtel gross debt is expected to increase by a massive Rs 5,900 crore just because of the Indian currency's depreciation versus dollar. Its liability increases by Rs 1,000 crore for every one rupee change in US dollar exchange rate. A potential 10 % rupee depreciation, that is 59.4 to 65.3 v/s USD will result in dollar denominated liabilities increasing by Rs 5,900 crore for the company. Telecom operator had paid a massive $ 10.7 billion in 2010 to buy out the African operations of Zain.

Bharti Airtel is a leading integrated telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers globally in terms of subscribers.