Bharti Airtel has prepaid Rs 8,024 crore to the Department of Telecom (DoT) (Government of India) towards part prepayment of deferred liabilities pertaining to spectrum acquired in 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. The company continues to enjoy access to a well-diversified sources of capital / financing, allowing it to have enhanced financial flexibility in its capital structure including optimized cost of financing using all opportunities for significant interest savings, like this prepayment.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
