Airtel pays 5G spectrum dues for 4 years in upfront
2 years, 4 months ago

Airtel pays 5G spectrum dues for 4 years in upfront

Hindustan Times  

Telecom operator Bharti Airtel on Wednesday said it has paid ₹8,312.4 crores to the Department of Telecom in upfront towards dues for spectrum acquired in the recently concluded 5G auctions. "The company believes that this upfront payment coupled with the moratorium on spectrum dues and AGR-related payments for four years will free up future cash flows and allow Airtel to dedicate resources to single-mindedly concentrate on the 5G roll out," the statement added. Over the past one year, Airtel has cleared ₹24,333.7 crores of its deferred spectrum liabilities "much ahead" of scheduled maturities, it said. With the ideal spectrum bank, best technology and adequate free cash flow, we are excited to bring to the country a world-class 5G experience," said Gopal Vittal, MD and CEO, Bharti Airtel.

History of this topic

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024
2 days, 8 hours ago
Airtel clears 2016 spectrum dues, prepays 3,626 crore to Centre
5 days, 15 hours ago
Bharti Airtel Clears Spectrum Dues with Rs 3,626 Cr Prepayment
5 days, 19 hours ago
Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016
5 days, 21 hours ago
After Vi, BSNL to launch 5G services soon, intensifies competition for Airtel, Jio
6 days, 8 hours ago
Airtel launches Rs 398 prepaid recharge plan, offers 2GB daily data and more benefits
1 week, 4 days ago
Ericsson Bags Airtel 4G-5G Multi-Billion Deal
2 weeks, 6 days ago
Bharti Airtel extends multi-year 4G and 5G network extension deal to Ericsson for India operations
2 weeks, 6 days ago
Bharti Airtel signs 'multi-billion' dollar 4G, 5G equipment deal with Ericsson
3 weeks ago
India: Telecom debt crosses ₹4 lakh crore in FY24
3 weeks, 6 days ago
Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
4 weeks ago
Adani mulls surrender of 5G spectrum after more than 2 years of purchase
1 month ago
Airtel to get new 4G and 5G equipment from Nokia in ‘multi-year, multi-billion’ deal
1 month ago
Bharti Airtel grants Nokia multi-billion 4G and 5G network expansion deal; aims to strengthen capacity and coverage
Top News
1 month ago
Nokia wins 5G extension deal from Bharti Airtel for its India operations
1 month ago
Starlink India entry faces new hurdle: Reliance pushes for satellite spectrum auction
1 month, 2 weeks ago
Sunil Mittal’s Bharti Telecom plans to raise about ₹8,500 crore in rupee bond market
1 month, 2 weeks ago
Satellite Showdown: Reliance, Airtel, and Starlink Battle for Spectrum Allocation
2 months ago
Airtel revised plan in August offers 2GB data per day with other benefits at Rs 300 per month
4 months, 2 weeks ago
Airtel profit more than doubles to Rs 4,160 crore in Q1
4 months, 2 weeks ago
Jio, Airtel 5G pricing surge: Consumers to spend Rs 47,500 cr more annually
5 months, 3 weeks ago
After Rel Jio, Bharti Airtel, Vi hike mobile tariffs by upto 24%
5 months, 3 weeks ago
Bharti Airtel raises prices after Reliance Jio hikes: These are the new prices
5 months, 3 weeks ago
Bharti Airtel announces 10-21 per cent hike in mobile tariffs from July 3
5 months, 3 weeks ago
After Reliance Jio, Bharti Airtel announces tariff hike for its prepaid and postpaid plans
5 months, 3 weeks ago
Telcos bid ₹11,340 crore for expiring spectrum; Airtel leads
5 months, 4 weeks ago
Govt earns ₹11,340 crore from Spectrum Auction 2023-24
5 months, 4 weeks ago
Centre Got Rs 11,300 Crores from India's Second Spectrum Sale
5 months, 4 weeks ago
Spectrum auction ends in just two days with bids worth ₹11,340 crore
5 months, 4 weeks ago
Spectrum auction Day 1: Telecoms place bids worth about ₹11,000 crore in 5 rounds: 6 Key things to know
5 months, 4 weeks ago
Tenth spectrum auction for radiowaves worth ₹96,238 cr begins
6 months ago
India to auction ₹96,318 crore telecom spectrum on Tuesday
6 months ago
Department of Telecom defers spectrum auction to June 25
6 months, 2 weeks ago
Rs 2,999 Airtel, Jio, Vi prepaid plans compared: Here's who offers better benefits
7 months, 1 week ago
Bharti Airtel ARPU set to soar? Check out the numbers amidst fierce Reliance Jio rivalry
8 months, 2 weeks ago
Airtel likely to spend the most at spectrum auctions, govt may get up to $2 bn
9 months, 1 week ago
Government proposes Spectrum auction in various bands: All you need to know
9 months, 2 weeks ago
Jio vs Airtel vs VI for spectrum auction on May 20: Centre sets base price at…
9 months, 2 weeks ago
Spectrum auction to start from May 20
9 months, 2 weeks ago
DoT to hold spectrum auctions starting 20 May
9 months, 2 weeks ago
GQG Partners acquires 0.8% stake in Bharti Airtel for Rs 5,890 crore
9 months, 2 weeks ago
Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel
9 months, 3 weeks ago
Union Cabinet gives nod for spectrum auction
10 months, 2 weeks ago
From fishery scheme to telecom spectrum auction, key decisions by Union Cabinet
10 months, 2 weeks ago
Airtel, Jio may scrap unlimited 5G data, consider 10 per cent price increase | Report
11 months, 1 week ago
Bharti Airtel 5G coverage in Tamil Nadu crosses 4.2 million customers
1 year, 1 month ago
Bharti Airtel Q2 profit declines on one-time charge
1 year, 1 month ago
Bharti Airtel and Ericsson successfully test India's first RedCap technology on 5G network
1 year, 2 months ago
Vodafone Idea seeks 30 more days to pay ₹1,680 cr spectrum auction instalment
1 year, 4 months ago
Bharti Airtel Q1: Net profit flat at ₹1,612 cr, ARPU improves to ₹200
1 year, 4 months ago

Discover Related