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regular-article-logo Tuesday, 18 June 2024

Airtel prepays Rs 8,325 crore to clear deferred liabilities for spectrum acquired in 2015

Bharti Airtel won spectrum worth Rs 29,129.08 crore in the auctions that were held in March 2015

PTI New Delhi Published 23.01.24, 06:53 PM
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Bharti Airtel has prepaid Rs 8,325 crore to the Department of Telecom towards part prepayment of the deferred liabilities pertaining to spectrum acquired in the 2015 auction, the company said on Tuesday.

Bharti Airtel won spectrum worth Rs 29,129.08 crore in the auctions that were held in March 2015. The company had paid Rs 11,374.7 crore, while the upfront amount due was Rs 7,832.20 crore.

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"Bharti Airtel has prepaid Rs 8,325 crores to the Department of Telecom (Government of India) towards part prepayment of the deferred liabilities pertaining to spectrum acquired in the auction of the year 2015, which were at an interest cost of 10 per cent," the company said in a statement.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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