Airtel prepays Rs 7,904 cr dues against spectrum acquired in 2012, 2015.
Bharti Airtel has prepaid Rs 7,904 crore to the Department of Telecom, settling its dues for the spectrum acquired in the 2012 and 2015 auctions.
Telecom operator Bharti Airtel announced on Friday that it has fully prepaid the Rs 7,904 crore dues for the spectrum acquired in 2012 and 2015 to the Department of Telecom.
Airtel had obtained spectrum worth Rs 8.67 crore in the 2012 auction and Rs 29,129 crore in the 2015 auction.
"Bharti Airtel has prepaid Rs 7,904 crore to the Department of Telecom," the company stated. "With this, the company has completely prepaid all deferred liabilities related to the spectrum acquired in the 2012 and 2015 auctions, which had the highest interest costs of 9.75% and 10% respectively." As a result, the company's consolidated net debt, including the impact of leases, decreased to Rs 2,04,646 crore as of March 31, 2024, down from Rs 2,13,126.4 crore as of March 31, 2024.
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