Airtel Pre-Pays Rs 7,904 Crore To Apparent Spectrum Dues

Airtel Pre-Pays Rs 7,904 Crore To Clear Spectrum Dues

In January this year, the company prepaid Rs 8,325 crore to the federal government. (Representational)

New Delhi:

Bharti Airtel on Friday mentioned it has pay as you go Rs 7,904 crore to the Division of Telecom (DoT) to distinct high-cost deferred liabilities for spectrum obtained in 2012 and 2015.

In a stock trade submitting, the firm mentioned that it has completely pay as you go all deferred liabilities for the a long time 2012 and 2015 which ended up at the maximum interest cost of 9.75 for each cent and 10 for each cent, respectively.

In January this calendar year, the business pay as you go Rs 8,325 crore to the federal government to distinct component of its deferred liabilities for the spectrum it acquired in 2015. In the 2015 auction, Airtel obtained 111.6 MHz of spectrum for Rs 29,130.20 crore and had paid Rs 7,832.58 crore upfront as for every the regulations. In July final 12 months, Airtel pay as you go Rs 8,024 main to crystal clear liabilities for spectrum acquired in 2015.

Airtel had said it proceeds to love access to a effectively-diversified resource of funds/funding, allowing for it to have improved fiscal overall flexibility in its funds composition, like the optimised charge of financing working with all possibilities for important fascination personal savings, like this prepayment.

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