Airtel’s contingent liabilities jump from Rs 4,100 cr to Rs 11,500 crore

Bharti Airtel’s contingent liabilities have more than doubled in the last five years, with the most significant component being the one-time spectrum charge (OTSC) dues, The Economic Times (ET) has reported. This is due to the demands raised by the Department of Telecommunications (DoT).

IIFL Securities was quoted in the ET report as saying, “Airtel’s contingent liabilities about DoT claims have seen a sharp jump year-on-year, from Rs 4,100 crore in financial year 2017-18 (FY18) to Rs 11,500 crore in FY23, (and) the largest component within this is OTSC.”