Airtel prepays Rs 8,024 cr to clear liabilities for spectrum acquired in 2015

Bharti Airtel, a telecom company, announced on Monday that it had paid the Department of Telecom Rs 8,024 crores in order to prepay deferred liabilities related to spectrum purchased in a 2015 auction. In a statement, Airtel stated that the interest rate on the liabilities that were prepaid was 10%. Airtel, in the statement, said it continues to enjoy access to well-diversified sources of capital or financing, allowing it to have enhanced financial flexibility in its capital structure including optimised cost of financing using all opportunities for significant interest savings.

Sagarika Gautam

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