Bharti Airtel has prepaid ₹7,904 crore to the telecom department, clearing the remaining payment for spectrum bought in 2012 and 2015 auctions. This move will lead to interest cost savings and boost cash flows as the company nears the completion of its nationwide 5G rollout. The prepaid amount fully clears all deferred liabilities pertaining to spectrum acquired in the 2012 and 2015 auctions, which had the highest interest costs of 9.75% and 10%, respectively. The company had opted for a four-year moratorium on spectrum and adjusted gross revenue payments, estimated to give it around ₹48,000 crore in cash flow relief.
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