Airtel Prepays Rs 8,024 Crores to Clear 2015 Spectrum Liabilities

Follow Us

Airtel Prepays Rs 8,024 Crores to Clear 2015 Spectrum Liabilities

Bharti Airtel on Monday announced that it has strengthened its financial position by prepaying Rs 8,024 crores to the Department of Telecom (DoT), settling part of its deferred liabilities related to spectrum acquired in the 2015 auction, according to the company's announcement.




Also Read: Airtel Truly Unlimited Plans With 1 Month Validity: Which One to Pick?

Airtel Optimizing Capital Structure

The move to make a substantial prepayment on the spectrum acquisition liabilities is aimed at leveraging the lower-cost financing options available to Airtel. The instalments carried an interest rate of 10 percent, prompting the company to seize the opportunity for prepayment. Airtel's decision aligns with its strategy to optimize its capital structure and reduce interest expenses.

Also Read: Bharti Airtel 3GB per Day Plans and Benefits Detailed

Recent Expansion of Stake in Lavelle Networks

In a recent regulatory filing, Bharti Airtel revealed that they have acquired an additional 20.6 percent stake in Lavelle Networks, a Bengaluru-based start-up specializing in software-defined networking. With this acquisition, Airtel's total stake in the start-up now stands at 45.6 percent. Initially, the telecom operator had acquired a 25 percent equity stake in Lavelle Networks in January 2022.

Reported By

Kirpa B is passionate about the latest advancements in Artificial Intelligence technologies and has a keen interest in telecom. In her free time, she enjoys gardening or diving into insightful articles on AI.

Recent Comments

Faraz :

Fr.. And there is no stopping of Mota bhai. BSNL 199 for 2 GB per day is the only appropriate…

Airtel's $1 Billion Equipment Order Signifies Importance of 4G in…

Faraz :

Airtel don't have B1 in Kolkata. It was 3-40c only. Airtel again has enabled 3-40c, but it's rare. Usually it's…

Airtel's $1 Billion Equipment Order Signifies Importance of 4G in…

Rahul Yadav :

They discontinued Plan 201 in February 2025

BSNL is Giving 5% Discount on Prepaid Plans and Additional…

Load More
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments