Telecom operator Bharti Airtel on Friday stated it has pay as you go your entire dues of Rs 7,904 crore for the spectrum it acquired in 2012 and 2015 to the Division of Telecom.
Airtel acquired spectrum price Rs 8.67 crore in 2012 and Rs 29,129 crore in 2015 public sale.
“Bharti Airtel…stated that it has pay as you go Rs 7,904 crore to the Division of Telecom. With this, the Firm has absolutely pay as you go all deferred liabilities pertaining to spectrum acquired within the public sale of the yr 2012 and 2015, which had been on the highest curiosity price of 9.75 and 10 per cent, respectively,” the corporate stated in a press release.
The consolidated web debt for the corporate, together with the influence of leases, declined to Rs 2,04,646 crore as of March 31, 2024, from Rs 2,13,126.4 crore as of March 31, 2024.