Airtel Prepays Rs 8465 Crore for Spectrum Acquired in 2016
Bharti Airtel, India's second-largest telecom operator announced that it has prepaid Rs 8465 crores to the Department of Telecommunications (DoT) for spectrum acquired in 2016. The telco said that this particular liability carried an interest rate of 9.3%. This is a great move for Airtel as it will be able to save a significant amount of money in interest payments. This move also signifies the strong cashflow position of Bharti... Read More