Bharti Airtel has prepaid Rs 80.24 billion to the Department of Telecommunication (DoT) towards part prepayment of deferred liabilities pertaining to spectrum acquired in the auction of year 2015.
The said instalments had an interest rate of 10 per cent 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 optimised cost of financing using all opportunities for significant interest savings, like this prepayment.
