Bharti Airtel Prepays Rs. 3,626 Crores to Clear Spectrum Liabilities from 2016

Bharti Airtel, one of India's leading telecommunications service providers, has prepaid Rs. 3,626 crores to the Department of Telecom (Government of India), clearing all its liabilities for spectrum it had acquired in 2016. This prepayment is a part of Airtel's strategy to clear all spectrum dues that have interest costs higher than 8.65%. In this calendar year, Airtel has prepaid a total of Rs 28,320 crores of spectrum liabilities.