Bharti Airtel reportedly paid Rs 15,519 crore to the government to clear its deferred liabilities for spectrum acquired in the 2014 auction, on December 17. The company expects the pre-payment will help to save at least Rs 3,400 crore. Reportedly, it acquired the spectrum for Rs 19,051 crore. ''These liabilities were due in annual installments from FY 2026-2027 to 2031-2032 and carried an interest rate of 10%,'' said Airtel.
Courtesy: United News Of India