Airtel pays off ₹3,626 crore spectrum dues to Telecom Dept. for purchases in 2016 | Company Business News

New Delhi, Dec 19 (PTI) 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.

With this payment, Bharti Airtel has now prepaid all its spectrum dues that had interest costs higher than 8.65 per cent, 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.