Bharti Airtel, a top telecommunications service provider in India, has announced the prepayment of Rs. 8,325 crore to the Department of Telecom (Government of India).
This substantial payment is directed towards the partial settlement of deferred liabilities associated with the spectrum acquired during the auction held in the year 2015. The deferred liabilities were subject to an interest cost of 10 percent.
Airtel prepays Rs 8,325 crore to clear high cost deferred liabilities for spectrum
More like thisRelated
MTN Group’s AI strategy and deployment in Africa
MTN Group is actively deploying Artificial Intelligence (AI) to...
10 tips for telecom operators deploying GenAI
Telecom operators are moving from GenAI experimentation to real-world...
Spectrum licence expiry triggers strategic shift for mobile operators
A recent Analysys Mason report has examined the expiry...
Indosat Ooredoo CTO’s views on AI-driven solutions from Nokia
Indosat Ooredoo Hutchison (IOH) is advancing its transformation into...