Singtel is shareholder of this bond issuer

Bharti Airtel 4.375% 10Jun2025
Price: 101.50
Yield to maturity: 4.15%
Moody's: Baa3
S&P: BBB-
Fitch: BBB-
Advance margin: 75%


Telecom operators' plans to sell stake in tower assets are credit positive for the sector and will give margin to them for expansion of data services, credit rating firm Fitch Ratings said:
Link: https://www.google.com.sg/amp/www.deccanchronicle.com/amp/business/companies/300317/telcos-move-to-sell-stake-in-tower-arm-credit-positive-fitch.html

Singtel holds 39.78 stake in Bharti Telecom which is the parent company of Bharti Airtel:
Link: www.straitstimes.com/business/companies-markets/singtel-said-planning-us2b-intouch-bharti-stake-buys

Full Year Performance:
Annual consolidated revenues at Rs 95,468 crore grew by 1.1% over the previous year (reported drop of
1.1%) on an underlying basis, led by growth of 3.6% in India.

Net Income for the year de-grew by 37.5% to Rs 3,799 crore (PY: Rs 6,077 crore).

The company’s consolidated net debt has decreased to $ 14,094 million from $ 14,339 million in the previous quarter.

Net debt to EBITDA ratio (LTM) for
the quarter has moved to 2.73 times from 2.69 times in the previous quarter.
Link: www.airtel.in/wps/wcm/connect/58a22915-9b9f-4719-9c70-eab89fc1b350/PressRelease.pdf?MOD=AJPERES&CONVERT_TO=url&CACHEID=58a22915-9b9f-4719-9c70-eab89fc1b350

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