On Friday, Bharti Airtel said they paid Rs 15,519 crore to the Department of Telecom towards pre-payment of the total deferred liabilities about spectrum acquired in the auction of the year 2014. The company had obtained 128.4 MHz spectra (including Telenor spectrum) to consider Rs 19,051 crore in the 2014 auction.
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These liabilities were due in annual instalments from FY 2026-2027 to 2031-2032. They carried an interest rate of 10 per cent (the highest rate amongst the deferred liabilities and borrowings) and an average residual life of seven-plus years.
