Indian telecommunications firm Bharti Airtel on Friday, June 14th, introduced that it has pay as you go Rs 7,904 crore to the Division of Telecom (DoT) to clear high-cost deferred liabilities for spectrum acquired in 2012 and 2015.
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Airtel Settles Excessive-Price Deferred Liabilities
In a inventory trade submitting at the moment, the corporate stated it has totally pay as you go all deferred liabilities pertaining to spectrum acquired within the auctions of 2012 and 2015, which carried the very best curiosity prices of 9.75 per cent and 10 per cent, respectively.
Additionally Learn: Airtel Prepays Rs 8,325 Crores for Spectrum Public sale 2015 Liabilities
Earlier Prepayments in 2023 and 2024
Earlier this yr, in January 2024, the corporate pay as you go Rs 8,325 crore to the telecom division to clear a part of its deferred liabilities for the spectrum it acquired within the 2015 public sale, TelecomTalk reported. Airtel had purchased spectrum value Rs 29,129 crore within the public sale, paying Rs 7,833 crore upfront.
Additionally Learn: Airtel Prepays Rs 8,024 Crores to Clear 2015 Spectrum Liabilities
In July 2023, Bharti Airtel pay as you go Rs 8,024 crore to the DoT, contributing to the partial prepayment of the deferred liabilities for the spectrum acquired within the 2015 public sale, which incurred an curiosity value of 10 per cent.
