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Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' Spectrum Dues

Summary by NDTV Gadgets 360

Bharti Airtel and its unit Bharti Hexacom have prepaid Rs. 5,985 billion to the government, fully clearing "high-cost" liabilities from the 2024 spectrum auctions, the telecom company said on Wednesday.Airtel, the country's no.2 telecom firm by user base, has been prepaying high-cost spectrum dues that it and other Indian telecom operators owe the government, following years of high-stakes auctions and aggressive bidding for airwaves.The latest …

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Mobile World Live

Airtel cuts debt cost with $698M payment

Bharti Airtel made an additional payment of INR59.9 billion ($697.5 million) to the Department of Telecom (DoT), fully paying off its high-cost interest liabilities related to the purchase of spectrum in an auction in 2024. In a statement, the Indian operator noted the prepayment clears its debt with an interest rate of 8.7 per cent, lowering its cost of debt on spectrum liabilities to an average of 7.2 per cent. Repayments in annual instalments…

6 days ago

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NDTV Gadgets 360

Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' Spectrum Dues

6 days ago

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Odisha News In English

Bharti Airtel prepays additional Rs 5,985 crore of high-cost spectrum liabilities

New Delhi, March 26: Telecom company Bharti Airtel Ltd and its subsidiary Bharti Hexacom Ltd have prepaid additional Rs 5,985 crore to the Department of Telecom, thereby fully prepaying the high-cost interest liabilities of 8.65 per cent pertaining to the 2024 auctions.Airtel's subsidiary Network i2i Ltd. has also voluntarily called and redeemed USD 1 billion in Perpetual Notes, the company said in a release on Wednesday. Airtel continues to pre…

7 days ago

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Telecom Talk

Bharti Airtel Prepays Rs 5,985 Crores Towards High-Cost Spectrum Liabilities

Bharti Airtel Limited (Airtel) and its subsidiary Bharti Hexacom Limited, have prepaid an additional Rs 5,985 crores to the Department

7 days ago

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IBTimes India

Bharti Airtel prepays additional Rs 5,985 crore of high-cost spectrum liabilities to govt

Bharti Airtel on Wednesday said it (along with its subsidiary Bharti Hexacom Ltd) has prepaid an additional Rs 5,985 crore to the Department of Telecom, thereby fully prepaying the high-cost interest liabilities of 8.65 per cent pertaining to the 2024 auctions.

7 days ago·India

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