Bharti Airtel Restricted (Airtel) and its subsidiary Bharti Hexacom Restricted, have pay as you go a further Rs 5,985 crores to the Division of Telecom (DoT), Ministry of Communications. In an announcement on Wednesday, the corporate introduced that this transaction totally settles its high-cost curiosity liabilities of 8.65 % associated to the 2024 auctions.
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Complete Spectrum Liabilities Cleared to Date
“Airtel has now pay as you go Rs 25,981 crores of high-cost spectrum liabilities for the present 2025 fiscal 12 months and has cumulatively pay as you go spectrum liabilities of Rs 66,665 crores as of date,” it stated in an announcement.
Airtel had earlier totally pay as you go liabilities with rates of interest of 10 %, 9.75 % and 9.3 %.
These prepayments have resulted in Airtel clearing Rs 116,405 crores of scheduled instalments that may have in any other case been payable on their respective dates over the unique tenure of the liabilities.
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Discount in Curiosity Charges
The corporate acknowledged that it has persistently pay as you go high-cost obligations, lowering its common rate of interest from 9.74 % to roughly 7.22 % on the remaining Rs 52,000 crores of spectrum dues (excluding AGR dues), that are payable till FY 2042. These prepayments, made seven years forward of schedule, have eradicated Rs 116,405 crores of future instalments.
Community i2i’s USD Perpetual Notes Redemption
Moreover, Airtel’s subsidiary, Community i2i Restricted, has voluntarily redeemed USD 1 billion in USD Perpetual Notes issued in FY 2020, which carried a 5.65 % rate of interest. Following this, the corporate retains USD 479 million in perpetual notes from FY 2021, callable in FY 2026.
“Airtel continues to prepay its high-cost spectrum liabilities, reducing its debt and value of debt,” the corporate stated.
