Bharti Airtel prepays Rs 7,904 crore dues against spectrum acquired in 2012, 2015

Bharti Airtel Ltd. | Telecommunication - Service Provider | Telecom | BSE: 532454 | NSE: BHARTIARTL

15 Jun 2024 Evaluate

Bharti Airtel has prepaid the entire dues of Rs 7,904 crore for the spectrum it acquired in 2012 and 2015 to the Department of Telecom. The company has acquired spectrum worth Rs 8.67 crore in 2012 and Rs 29,129 crore in 2015 auction. With this, the Company has fully prepaid all deferred liabilities pertaining to spectrum acquired in auction of the year 2012 and 2015 which were at an highest interest cost of 9.75% and 10% respectively.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers

Company Name	CMP
Bharti Airtel	1791.00
Vodafone Idea	14.10
Indus Towers	380.00
Tata Communications	1671.60
Railtel Corp. India	261.35
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