Bharti Airtel on Monday mentioned it has prepaid Rs 8,024 crore to the Department of Telecom (DoT) in direction of half prepayment of deferred liabilities pertaining to spectrum acquired in the public sale in 2015.
The mentioned instalments had an rate of interest of 10 per cent and have been prepaid by Airtel, leveraging a lot decrease price financing accessible to it.
Airtel mentioned it continues to take pleasure in entry to well-diversified sources of capital/financing, permitting it to have enhanced monetary flexibility in its capital construction, together with the optimised price of financing utilizing all alternatives for vital curiosity financial savings, like this prepayment.
Airtel final 12 months acquired 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz frequency bands by means of the public sale for Rs 43,084 crore spectrum secured for 20 years.
Airtel secured 5G spectrum for 20 years in this public sale.
In addition, the spectrum acquisition enabled Airtel to drastically cut back the payout in direction of spectrum utilization cost (SUC) and remove the adversarial SUC arbitrage in contrast to new entrants.
The firm has rolled out 5G companies at a really quick tempo throughout the nation. Over the years, it has accrued the biggest pool of low and mid band spectrum (Sub ghz/1800/2100/2300 bands) which can be utilized to present the very best 5G protection, whereas large capacities in the three.5 GHz and 26 GHz bands will enable Airtel to create 100X capacities at least price.
Airtel has over 500 million clients in 17 nations throughout South Asia and Africa.
