Airtel Pays Off Deferred Liabilities Of Rs 15,519 Crore

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.