(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 has prepaid ₹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 (December 19, 2024). With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65%, the company said in a statement.

"Bharti Airtel has prepaid ₹ 3,626 crore to the Department of Telecom (Government of India) clearing all its liabilities for spectrum it had acquired in 2016," the statement said. Airtel has prepaid a total of ₹ 28,320 crore of spectrum liabilities this calendar year, the company said.

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 made prepayment of Rs 3,626 crore to the Department of Telecom, clearing its liabilities for spectrum it had acquired in 2016 auction. Airtel has prepaid a total of Rs 28,320 crore of spectrum liabilities in this calendar year.

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. With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.