New Delhi, March 26 -- Bharti Airtel and its subsidiary Bharti Hexacom Ltd. have prepaid additional Rs.5,985 crore to the Department of Telecom thereby fully prepaying the high-cost interest liabilities of 8.65% pertaining to the 2024 auctions. Bharti Airtel's subsidiary Network i2i Ltd. has also voluntarily called and redeemed $1 billion in Perpetual Notes.
Bharti Airtel has now prepaid Rs.25,981 crore of high-cost spectrum liabilities for the current 2025 fiscal year and has cumulatively prepaid spectrum liabilities of Rs.66,665 crore as on date, the company said in a regulatory filing.
"The average interest rate on the cumulative liabilities prepaid was approximately 9.74%. Airtel had earlier fully prepaid liabilities that had intere...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.