Bharti Airtel prepays Rs 5,985 crore of high-cost spectrum liabilities and voluntarily redeems USD 1 billion in perpetual debt securities

New Delhi [India], March 26 (ANI): Telecom company Bharti Airtel Ltd 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 8.65 per cent pertaining to the 2024 auctions, the company said in a release on Wednesday.

Airtel’s subsidiary Network i2i Ltd. has also voluntarily called and redeemed USD 1 billion in Perpetual Notes, the company. said.

Airtel continues to prepay its high-cost spectrum liabilities, lowering its debt and cost of debt, underscoring its commitment to financial prudence, operational efficiency, and its strong capital position, the company said.