Airtel Pays Rs. 8.3 Crore to DoT as Advance Instalment for Recently Purchased 5G Spectrum 

Telecom operator Bharti Airtel has paid Rs. 8,312.4 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday.

With the payment, Airtel has paid four years of 2022 spectrum dues upfront.

Airtel said it believes that this upfront payment, coupled with the moratorium on spectrum dues and AGR (adjusted gross revenue)-related payments for four years, will free up future cash flows and allow Airtel to dedicate resources to single-mindedly concentrate on the 5G rollout.

Telecom tycoon Sunil Bharti Mittal’s Bharti Airtel made a successful bid of Rs. 43,039.63 crore.

“This upfront payment of 4 years allows us to drive 5G rollout in a concerted manner given our operating free cash flow. Airtel also has access to Rs. 15,740.5 crore in capital from the rights issue.

Inf:ND