Bharti Airtel Pays Over Rs 8,024 Cr to Settle Deferred Liabilities from 2015 Spectrum Auction

  • Telecom firm Bharti Airtel prepaid Rs 8,024 crore to Department of Telecom towards partial prepayment of deferred liabilities related to 2015 spectrum purchase.
  • Airtel leveraged lower cost financing to prepay the liabilities that had an interest rate of 10%, boosting its financial flexibility.
  • Bharti Airtel’s shares traded 0.7% lower on BSE at Rs 888.5 after the announcement.
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