Airtel prepays Rs 8,325 crore towards part dues of 2015 spectrum

Bharti Airtel on Tuesday said it has prepaid Rs 8,325 crore to the department of telecommunications (DoT) towards part payment for the spectrum acquired in 2015. The same has been done to save on interest costs as the spectrum dues installments carried a higher interest rate of 10%, it said in an exchange filing.

This is the second time in the current financial year (FY24) that Airtel prepaid its high cost deferred liabilities ahead of the payment schedule. In July 2023, the company had prepaid Rs 8,024 crore to DoT towards part payment for the spectrum acquired in 2015.