Airtel: Airtel prepays deferred liabilities of Rs 8,024 crores – Times of India



Sunil Mittal-led telecom giant Bharti Airtel has announced its pre-payment of Rs 8,024 crores to the Department of Telecom (DoT). The payment was made towards deferred liabilities related to the spectrum acquired in the auction of 2015. To leverage the lower-cost financing that was available to the company, Airtel has prepaid the entire amount as the said instalments had an interest rate of 10%.

Airtel claims that it continues to enjoy access to well-diversified sources of capital/financing. This allowed the company to have enhanced financial flexibility in its capital structure. Such capabilities include optimised cost of financing as well as using all opportunities for significant interest savings, like this prepayment.
Airtel’s global telecom presence

The home-grown company is a global communications solutions provider that has a customer base of 500 million in 17 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people.
Airtel’s telecom products and services
Airtel’s retail portfolio includes high-speed 4G/5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a wide range of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and CPaaS (Airtel IQ).
Airtel’s 5G spectrum auction
In August 2022, Airtel paid Rs 8312.4 crores to the DoT towards dues for the spectrum acquired in the 5G auctions. The company paid 4 years of 2022 spectrum dues upfront. At that point, Airtel claimed that this payment coupled with the moratorium on spectrum dues and AGR-related payments for four years will free up future cash flows and allow the company to dedicate resources to single-mindedly concentrate on the 5G rollout.



News India24

Recent Posts

'महाराष्ट्र में सीएम पद का फैसला एक दिन में होगा', तीसरे से एक दिन पहले बोला पायलट – इंडिया टीवी हिंदी

छवि स्रोत: पीटीआई नेता कांग्रेस सचिन पायलट। नई दिल्ली: रिवोल्यूशनरी कांग्रेस सचिन पायलट ने शुक्रवार…

39 minutes ago

नया साल, नया आप: द्वारपाल सेवाएँ जो संकल्पों को वास्तविकता में बदलती हैं – News18

आखरी अपडेट:22 नवंबर, 2024, 12:36 ISTचाहे वह अपने घर को व्यवस्थित करना हो, फिटनेस यात्रा…

2 hours ago

पर्यटकों को करीब से बाघ दिखाने वाले भारी, 2 गाइड और 2 जादूगरों को मिली बड़ी सजा – इंडिया टीवी हिंदी

छवि स्रोत: X.COM/AIRNEWS_GKP पीटीआर में साक्षत्कार नागालैंड बाघ के बेहद करीब स्थित है। नमः उत्तर…

2 hours ago

देखें: पर्थ में आईपीएल नीलामी के दौरान ऋषभ पंत-नाथन लियोन की स्टंप माइक पर बातचीत

छेड़-छाड़ और बातचीत के बिना भारत बनाम ऑस्ट्रेलिया प्रतिद्वंद्विता का क्या मतलब? 1 में से…

2 hours ago

सुरक्षा साइबर की ओर बड़ा कदम, मोबाइल कंपनी पर होगी सरकार की पैनी नजर, 6 घंटे तक साइबर हमले की रिपोर्ट होगी

नई दिल्ली. सरकार ने सेक्टर में साइबर सुरक्षा को मजबूत बनाने के मकसद से बड़ा…

2 hours ago