Bharti Airtel Prepays Rs 3,626 Crores to Clear 2016 Spectrum Liabilities

Indian telecommunications service supplier Bharti Airtel (Airtel) has pay as you go Rs 3,626 crores to the Division of Telecommunications (DoT), clearing all its liabilities for the spectrum it acquired in 2016. With this fee, Bharti Airtel has now pay as you go all its spectrum dues that had curiosity prices greater than 8.65 %, the corporate mentioned in a press release on Thursday.

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Airtel’s Newest Prepayment of Spectrum Dues

“Bharti Airtel (Airtel), one in every of India’s main telecommunications service suppliers, in the present day mentioned that it has pay as you go Rs 3,626 crores to the Division of Telecom (Authorities of India) clearing all its liabilities for spectrum it had acquired in 2016,” Airtel‘s assertion in an trade submitting mentioned.

Earlier Spectrum Funds in 2024

Earlier in September 2024, Airtel pay as you go Rs 8,465 crores to the Division of Telecommunications for spectrum acquired in 2016. These liabilities carried an rate of interest of 9.3 %.

In June 2024, Airtel pay as you go Rs 7,904 crores to the DoT, clearing all deferred liabilities associated to spectrum acquired within the 2012 and 2015 auctions, which carried the very best rates of interest of 9.75 % and 10 %, respectively.

At first of the 12 months, in January 2023, Airtel pay as you go Rs 8,325 crores to the DoT as half prepayment of the deferred liabilities associated to spectrum acquired within the 2015 public sale, which had an curiosity price of 10 %.

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Airtel’s Whole Prepayments in 2024

With this, Airtel has pay as you go a complete of Rs 28,320 crores of spectrum liabilities within the calendar 12 months 2024.