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5G: Airtel pays Rs 8,312.4 crore to DoT to clear 4-yr instalment in advance for...
source link: https://nextbigwhat.com/5g-airtel-pays-rs-8312-4-crore-to-dot-to-clear-4-yr-instalment-in-advance-for-5g-spectrum/
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5G: Airtel pays Rs 8,312.4 crore to DoT to clear 4-yr instalment in advance for 5G spectrum
- August 17, 2022
- Bharti Airtel has paid Rs 8,312.4 crore to the department of telecom towards dues for spectrum acquired in the recently concluded 5G auctions.
- Airtel said it believes that this upfront payment, coupled with the moratorium on spectrum dues and AGR-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.
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