(Reuters) -Indian telecom carrier Bharti Airtel has made an early payment of 36.26 billion rupees ($426.4 million) to the Indian government, the company said on Thursday, settling all its liabilities for the spectrum acquired in 2016.

Bharti Airtel prepaid ₹3,626 crores in spectrum dues, bringing its total prepayments for 2024 to ₹28,320 crores. This clears all liabilities with interest costs above 8.65%. The company's Q2FY25 net profit surged 168% YoY to ₹3,

Bharti Airtel paid off ₹3,626 crore in dues to the Department of Telecom to clear all its liabilities for spectrum acquired in 2016, according to the company’s BSE filing.

Bharti Airtel has made an early payment of 36.26 billion rupees ($426.4 million) to the Indian government, clearing its outstanding spectrum fees from a 2016 auction, the telecom carrier said on Thursday.

Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom to clear all its liabilities for spectrum it had acquired in 2016, the company said on Thursday.