Airtel repays Rs 8,815 cr towards deferred liabilities for 2015 spectrum

Telecom administrator Bharti Airtel on Friday said it has paid Rs 8,815 crore to the public authority towards part prepayment of conceded liabilities relating to range procured in the 2015 sale.

The prepayment is for portions due in FY2027 and FY2028, the Sunil Mittal-drove telco said in an explanation.

“Airtel prepays Rs 8,815 crore to clear conceded liabilities for range obtained in 2015,” the organization said.

In the course of the most recent four months, Airtel has gotten Rs 24,334 crore free from its conceded range liabilities early.

These liabilities conveyed a loan fee of 10% and have been paid off through a blend of free money produced by the business, value continues, and essentially cheaper obligation of a comparative tenor.

Airtel said it keeps on zeroing in on monetary adaptability through its capital design, including improving the expense of funding and benefiting from all chances of huge interest saves, similar to the most recent prepayment.

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