Airtel pays Rs 8,312 cr for 5G spectrum

Airtel has paid Rs 8,312.4 crore to the DoT towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday. With this payment, it has paid four years of 2022 spectrum dues upfront.

Airtel said it believes that this upfront payment, coupled with the moratorium on spectrum dues and AGR (adjusted gross revenue)-related payments for four years, will free up future cash flows and allow Airtel to dedicate resources to concentrate on the 5G rollout.