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

Bharti Airtel makes a substantial prepayment of Rs 8,024 crores towards spectrum acquisition liabilities, reinforcing its financial position.

Highlights

  • Bharti Airtel settles deferred spectrum liabilities with a significant prepayment.
  • Lower-cost financing options leveraged to optimize capital structure and reduce interest expenses.
  • Airtel's strategic moves showcase financial prudence and commitment to growth in the competitive telecom market.

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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.

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