Bharti Airtel clears 2016 spectrum liabilities by paying Rs 3,626 crore

Indian telecom carrier Bharti Airtel has made an early payment of Rs 3,626 crore ($426.4 million) to the Indian government, the company said on Thursday, settling all its liabilities for the spectrum acquired in 2016.

India’s No. 2 wireless carrier had paid Rs 8,465 crore towards the liabilities in September.

Indian telecom operators owe the government significant spectrum fees, following years of high-stakes auctions and competitive bidding for airwave rights.