New Delhi, India :
Bharti Airtel, a prominent telecommunications service provider in India, has announced the prepayment of Rs. 8,325 crores to the Department of Telecom (Government of India). This payment is a partial settlement of deferred liabilities associated with the spectrum acquired in the auction of the year 2015, incurring an interest cost of 10%.
About airtel:
- Based in India, Airtel is a global communications solutions provider, serving over 500 million customers in 17 countries across South Asia and Africa. Globally, it ranks among the top three mobile operators, extending its networks to cover over two billion people. In India, Airtel holds the position of the largest integrated communications solutions provider and stands as the second-largest mobile operator in Africa.
- Airtel’s diverse retail portfolio includes high-speed 4G/5G mobile broadband, Airtel Xstream Fiber offering speeds up to 1 Gbps with convergence across linear and on-demand entertainment, and a range of streaming services encompassing music and video. Additionally, the company provides digital payment and financial services.
- For enterprise customers, Airtel offers a comprehensive array of solutions, including secure connectivity, cloud and data center services, cybersecurity, Internet of Things (IoT), Ad Tech, and cloud-based communication.