Airtel
Airtel prepays Rs. 8,024 crores to clear high-cost deferred liabilities for spectrum acquired in 2015
New Delhi: Telecom major Bharti Airtel on Monday said that it has prepaid Rs. 8,024 crores to the Department of Telecom (Government of India) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the 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.
Airtel continues to enjoy access to well-diversified sources of capital/financing, allowing it to have enhanced financial flexibility in its capital structure including the optimised cost of financing using all opportunities for significant interest savings, like this prepayment.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
