I was interviewed on ET Now Today, and here are the snippets. Plus, clarifications
I believe that splitting Airtel’s business into the Indian and African units is a good idea, but it’s unlikely to happen because of the debt overhang.
Therefore, it would be seen that will the lenders agree on creating a new entity and pass on most of the debt to it. That would be difficult to push. Even if the telecom operator engineers a split, it might have to end up taking a lot more debt on the Indian entity and reduce the debt on the African entity. That would not be good for Indian shareholders as the debt was essentially taken to buy the African business.
In that context, I do not see a possibility of this coming in soon. If such a scenario comes, it will have a one-time hit […]