Bharti Airtel Pays Rs 8,465 Crore in Spectrum Dues

Telecom company Bharti Airtel announced on Monday that it has prepaid Rs 8,465 crore to the Indian government. These dues pertain to spectrum acquired back in 2016 and carried an interest rate of 9.3 percent.

Telecom operator Bharti Airtel has made an advance payment of Rs 8,465 crore to the Indian government, the company stated on Monday. This payment covers the spectrum acquired in 2016.

The liabilities associated with this spectrum carried a substantial interest rate of 9.3 percent, according to the company's statement.

Bharti Airtel, one of India's foremost telecommunications service providers, has been proactive in clearing its dues, showcasing financial prudence and commitment to regulatory obligations.

(With inputs from agencies.)