“With this, the corporate has totally pay as you go all deferred liabilities pertaining to spectrum acquired in public sale of the yr 2012 and 2015 which had been on the highest curiosity price of 9.75 per cent and 10 per cent, respectively,” Airtel mentioned in an announcement.
In January too, the corporate had paid ₹8,325 crore to the DoT in direction of half prepayment of the deferred liabilities pertaining to spectrum acquired in public sale of yr 2015 which had been at an curiosity price of 10 per cent.
Earlier than that, in July 2023, the corporate had additionally paid ₹8,024 crore to the DoT in direction of half prepayment of deferred liabilities pertaining to spectrum acquired in public sale of 2015 with an rate of interest of 10 per cent, leveraging a lot decrease price financing out there to it.
Such instalments allowed the corporate to have enhanced monetary flexibility in its capital construction together with optimised price of financing utilizing all alternatives for vital curiosity financial savings, like these prepayments.
The corporate had acquired spectrum price ₹29,129.08 crore within the auctions that had been held in March 2015 and had paid ₹11,374.7 crore, whereas the upfront quantity due was ₹7,832.20 crore.
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