{"id":74128,"date":"2020-09-14T09:01:15","date_gmt":"2020-09-14T09:01:15","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=296160"},"modified":"2020-09-14T09:01:15","modified_gmt":"2020-09-14T09:01:15","slug":"airtel-tipped-to-gain-from-agr-relief","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/09\/14\/airtel-tipped-to-gain-from-agr-relief\/","title":{"rendered":"Airtel tipped to gain from AGR relief"},"content":{"rendered":"

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\tMoody’s upgraded its outlook for Bharti Airtel, predicting a Supreme Court ruling [1] giving operators ten years to pay adjusted gross revenue (AGR) fees will alleviate pressure on cash flow and help improve operating flexibility.<\/p>\n

The rating agency changed its outlook from negative to stable, citing improving profitability at Airtel’s core Indian mobile business, an increase in its 4G customer base, a gradual reduction in competition and tariff hikes which began in December 2019.<\/p>\n

Moody\u2019s SVP Annalisa DiChiara said the AGR payment decision is a positive development, as it means some of the proceeds the operator raised earlier this year to pay the tax can instead be applied to debt reduction.<\/p>\n

While price competition moderated in 2020, Moody\u2019s noted the Covid-19 (coronavirus) pandemic had resulted in some subscriber contraction, amplifying the impact of attrition related to SIM card consolidation following tariff increases at the end of 2019.<\/p>\n

Airtel\u2019s growing 4G subscriber base, which accounted for nearly 50 per cent of its total at end-June, is helping to stabilise profitability, DiChiara said.<\/p>\n

Moody’s expects Airtel\u2019s consolidated EBITDA to gradually increase from INR369 billion ($5 billion) in the fiscal year ending 31 March 2019 into the INR425 billion range.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/india-operators-edge-toward-agr-resolution<\/p>\n\n

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Moody’s upgraded its outlook for Bharti Airtel, predicting a Supreme Court ruling giving operators ten …<\/p>\n

The post Airtel tipped to gain from AGR relief<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":248,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Airtel tipped to gain from AGR relief - ITTeacherITFreelance.hk","description":"Moody’s upgraded its outlook for Bharti Airtel, predicting a Supreme Court ruling giving operators ten ... The post Airtel tipped to gain from AGR relief"},"footnotes":""},"categories":[11,8,21],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/74128"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/248"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=74128"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/74128\/revisions"}],"predecessor-version":[{"id":74129,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/74128\/revisions\/74129"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=74128"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=74128"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=74128"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}