Bharti Airtel clears Rs 8,024 crore spectrum liabilities through prepayment
India TV NewsBharti Airtel has announced that it has prepaid Rs 8,024 crore to the Department of Telecom as a part of the deferred liabilities for the spectrum, acquired in the auction which was held in 2015. In the previous year's auction, Airtel acquired 19867.8 MHz spectrum in various frequency bands, including 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz, and 26 GHz, at a cost of Rs 43,084 crore for a 20-year term. This acquisition also allowed Airtel to reduce its payout towards spectrum usage charge significantly and eliminate the adverse SUC arbitrage compared to new entrants. With its strategic spectrum acquisition and prepayment of deferred liabilities, the company aims to maintain its strong position in the competitive telecom market while providing enhanced services to its vast customer base.