Airtel prepays Rs. 8,024 crores to clear high-cost deferred liabilities for spectrum acquired in 2015
New Delhi: Telecom major Bharti Airtel on Monday said that it has prepaid Rs. 8,024 crores to the Department of Telecom (Government of India) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction of year 2015.
The said installments had an interest rate of 10% and have been prepaid by Airtel, leveraging much lower cost financing available to it.
Airtel continues to enjoy access to well-diversified sources of capital/financing, allowing it to have enhanced financial flexibility in its capital structure including the optimised cost of financing using all opportunities for significant interest savings, like this prepayment.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
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