Bharti Airtel pays ₹8,312 crore for 5G spectrum upfront

Chennai, Aug 17 (IANS) Telecom main Bharti Airtel on Wednesday stated it has paid ₹8,312.4 crore to the Centre in direction of dues for spectrum acquired within the just lately concluded 5G auctions.

The firm has paid 4 years of 2022 spectrum dues upfront.

According to the corporate, the upfront fee coupled with the moratorium on spectrum dues and adjusted gross income (AGR) associated funds for 4 years, will release future money flows and permit it to dedicate assets to single-mindedly think about the 5G roll out.

Over the final one yr, Bharti Airtel has additionally cleared ₹24,333.7 crore of its deferred spectrum liabilities a lot forward of scheduled maturities.

According to Gopal Vittal, Managing Director (MD) and Chief Executive Officer (CEO), the corporate additionally has entry to ₹15,740.5 crore in capital, from the rights concern which is but to be referred to as.

(Except for the headline, the remainder of this IANS article is un-edited)

For extra technology news, product reviews, sci-tech options and updates, maintain studying Digit.in