Bharti Airtel clears all dues for 2016 spectrum, prepays Rs 3,626 crore

Bharti Airtel on Thursday announced that it has cleared all dues owed to the government for spectrum acquired in 2016, prepaying Rs 3,626 crore to the Department of Telecommunications (DoT). With this payment, Airtel has now prepaid all its spectrum liabilities with interest costs higher than 8.65 per cent, the company said.

In 2024, Airtel prepaid a total of Rs 28,320 crore in spectrum liabilities. In June, the company cleared all dues from the 2012 and 2015 auctions by prepaying Rs 7,904 crore to the DoT. On September 30, Airtel paid Rs 8,465 crore in dues for the 2016 auction. On Thursday, shares of Bharti Airtel closed 1.46 per cent lower on the BSE at Rs 1,709.90.