Bharti Airtel, Unit Pay Rs. 5,985 Crore to clear ‘High-Cost’ 2024 Spectrum dues

Bharti Airtel and Its Unit Bharti Hexacom Have Prepaid Rs. 5,985 billion to the government, full clearing “high-cost” liability “liability from the 2024 spectrum auctions, the telecom company said on Wedns.

Airtel, The Country’s No.2 Telecom Firm by User Base, Has Been Prepaying High-COST SECTRRUM DOUS THE TO and Other Indian Telecom Operators Operators Opertors Opertors Opertors Operators Operators Operators Operators Operators Operators Operators Operators Operators Operator aggressive bidding for airwaves.

The latest payment has trimmed airtel’s debt pile related to spectrum to Rs. 52,000 Crore, Bringing Down the cost of debt to 7.22 percent, the company said.

Airtel’s Early Payments Now Total Rs. 66,665 Crore, it said, adding that it has settled liability with interest rates of 10 percent, 9.75 percent, and 9.3 percetic about seven years beforege maturity dats.

The latest payment was made for liabilities that carried an interest rate of 8.65 percent, airtel said, without specifying when the debt was previously due.

Peer Vodafone Idea Owes about Rs. 1,42,000 Crore in Spectrum Dues as of September 2024.

Another Airtel Subsidiya, Network i2i, also redeemed $ 1 billion (roughly Rs. 8,556 Crore) in perpetual debt secondies – a debt instrument with no fixed maturity data – ReduCing the Company Date Outstanding perpetual notes to $ 479 Million (Roughly Rs. 4,102 Crore), The Telecom Company Said.

Airtel’s Shares Closed 0.5 Percent Higher on Wednsday after the announsement.

© Thomson Reuters 2025

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