Bharti Airtel prepays additional Rs 5,985 crore of spectrum dues, redeems $1 billion in perpetual debt securities

Telecom major Bharti Airtel on Wednesday announced that the company and its subsidiary Bharti Hexacom Ltd have prepaid additional Rs 5,985 crore to the Department of Telecom thereby fully prepaying the high-cost interest liabilities of 8.65per cent pertaining to the 2024 auctions. Airtel’s subsidiary Network i2i Ltd has also voluntarily called and redeemed $1 billion in Perpetual Notes, the company said in a regulatory filing.