Bharti Airtel prepays additional Rs 5,985 crore of high-cost spectrum dues

Bharti Airtel and subsidiary Bharti Hexacom have prepaid an additional Rs 5,985 crore of high-cost spectrum liabilities to the government, the telco said on Wednesday.

Airtel’s subsidiary Network i2i has also voluntarily called and redeemed $1 billion in ‘perpetual debt securities’.

“Bharti Airtel and its subsidiary Bharti Hexacom have prepaid additional Rs 5,985 crore to the Department of Telecom thereby fully prepaying the high-cost interest liabilities of 8.65 per cent pertaining to the 2024 auctions,” the Sunil Mittal-led company said.