Bharti Airtel prepaid Rs 7,904 crore to DoT for 2012, 2015 spectrum liabilities, enhancing financial flexibility.
Bharti Airtel has prepaid Rs 7,904 crore to the Department of Telecom (DoT) to clear high-cost deferred liabilities for spectrum acquired in 2012 and 2015, with interest costs of 9.75% and 10% respectively. This move allows Airtel to have enhanced financial flexibility and access to well-diversified sources of capital. The company had already prepaid Rs 8,325 crore in January and another Rs 8,024 crore in July last year for spectrum acquired in 2015.
June 14, 2024
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