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Airtel prepays Rs 8,815 cr of spectrum dues to reduce interest expenses

This is the second such prepayment by Airtel in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates

Between 2012 and 2017, Bharti Airtel bought BWA spectrum from Qualcomm, Aircel and Tikona Digital who were the second players in different circles.
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Aneesh Phadnis Hyderabad
Bharti Airtel has prepaid Rs 8,815 crore of spectrum dues to cut down on interest expenses.

The dues pertained to spectrum acquired in 2015 and payments for same were due in FY2027 and FY2028, the telecom company announced on Friday.

This is the second such prepayment by the company in the last three months and comes on the back of strong cash flow generation, equity infusion and borrowing at significantly lower interest rates.

"Over the last four months, Airtel has cleared Rs 24,334 crores of its deferred spectrum liabilities much
ahead of scheduled maturities. These liabilities carried an interest rate of

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First Published: Mar 25 2022 | 10:38 AM IST

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