“For emerging markets (China, India, Indonesia, Malaysia, and the Philippines), spectrum liabilities to gross debt will increase to more than 16.0% in 2021 and 2022, from 11.6% in 2020 and 9.3% in 2018, assuming India (Baa3 stable) completes its 5G spectrum auction in 2022,” the credit rating agency said.
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5G: Spectrum liabilities for Reliance Jio, Bharti Airtel, Vodafone Idea to grow, says Moody's
5G: Spectrum liabilities for Reliance Jio, Bharti Airtel, Vodafone Idea to grow, says Moody's
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