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By Malvika Gurung
Investing.com — In a press launch despatched to the exchanges on Dec 17, the telecom service supplier Bharti Airtel (NS:) knowledgeable of efficiently paying Rs 15,519 crores and clearing all deferred liabilities for the spectrum acquired in 2014.
Bharti Airtel has made a cost of Rs 15,519 crores to the Division of Telecommunications in direction of prepayment of all the deferred liabilities subjected to the spectrum it had acquired within the public sale of 2014.
On this public sale, the telecom firm had acquired a spectrum of 128.4 MHz, together with the Telenor spectrum for Rs 19,051 crores.
As per Airtel’s assertion, the aforementioned liabilities have been due in annual instalments from FY 2026-27 to FY 2031-32, with an rate of interest utilized at 10% and a median residual lifetime of greater than 7 years.
By making the prepayment of its deferred liabilities, Airtel has estimated to have saved Rs 3,400 crores price of curiosity prices, as a minimum, in comparison with the residual life for totally substituted capital.
Shares of the telco have been buying and selling 2.03% decrease at Rs 667.5 apiece in a weak market on Friday.
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