Bharti Airtel makes prepayment of Rs 3,626 crore to clear 2016 spectrum dues

Telecom major Bharti Airtel on Thursday announced that it has made prepayment of Rs 3,626 crore to the Department of Telecom, thereby fully clearing its liabilities for spectrum it had acquired in 2016 auction. With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65 per cent, it said in a regulatory filing.

Airtel has prepaid a total of Rs 28,320 crore of spectrum liabilities in this calendar year, the company said.