Bharti Airtel Prepays ₹5,985 Crore in Spectrum Dues to DoT

Bharti Airtel and its subsidiary Bharti Hexacom have prepaid an additional ₹5,985 crore in high-cost spectrum liabilities to the Department of Telecommunications (DoT), the company announced on Wednesday.

With this prepayment, the telecom giant has fully cleared its high-cost interest liabilities of 8.65% related to the 2024 spectrum auctions, further strengthening its financial position.

Additionally, Airtel’s subsidiary Network i2i has voluntarily redeemed $1 billion in perpetual debt securities, demonstrating the company’s commitment to reducing debt and optimizing capital structure.

“This move significantly reduces financial liabilities and aligns with our strategy of efficient capital management,” the Sunil Mittal-led company said in a statement.

The prepayment is part of Airtel’s ongoing efforts to enhance financial flexibility and maintain a strong balance sheet while continuing investments in network expansion and 5G deployment.