Bharti Airtel has made upfront payment to the telecom department for the spectrum bought in the just-ended auctions. The company has paid around Rs 6,323 crore as the immediate upfront amount. The auctions held earlier this month raked-in winning bids of over Rs 77,800 crore for 855.6 MHz of spectrum. The company won the right to use spectrum, the total value of which is about Rs 18,700 crore.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
