Bharti Airtel prepays ₹5,985 crore of high-cost spectrum liabilities, redeems $1 billion in perpetual debt securities

Bharti Airtel, the Sunil Bharti-led telecom major, on Wednesday announced that it has prepaid an additional ₹5,985 crore of high-cost spectrum liabilities and voluntarily redeemed $1 billion in perpetual debt securities.

Bharti Airtel and its subsidiary Bharti Hexacom Ltd. have prepaid additional ₹5,985 crore to the Department of Telecom (DoT), thereby fully prepaying the high-cost interest liabilities of 8.65% pertaining to the 2024 auctions.