Gopal Vittal, MD & CEO, Bharti Airtel said, “With the ideal spectrum bank, state-of-the-art technology and ample free cash flow, we are excited to bring a world-class 5G experience to the country.”
Gopal Vittal, MD & CEO, Bharti Airtel said, “With the ideal spectrum bank, state-of-the-art technology and ample free cash flow, we are excited to bring a world-class 5G experience to the country.”
Telecom operator Bharti Airtel has paid ₹8,312.4 crore to the Department of Telecommunications (DoT) towards dues to acquire spectrum. Recently concluded 5G auctionThe company said on August 17. With the payment, Airtel has paid four years of 2022 5G spectrum dues.
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Airtel said it believes it will allow advance payments, moratorium on spectrum dues and AGR (adjusted gross revenue) related payments for four years, freeing up future cash flows and allowing Airtel to dedicate resources. will allow us to focus on 5G. roll out.
Bharti Airtel made a successful bid of Rs 43,039.63 crore. “This four-year upfront payment allows us to drive the 5G rollout in a solid manner, given our operating free cash flow. Airtel has access to ₹15,740.5 crore in capital from the rights issue, which is yet to be called.
Gopal Vittal, MD & CEO, Bharti Airtel said in the statement, “With the ideal spectrum bank, state-of-the-art technology and ample free cash flow, we are excited to bring a world-class 5G experience to the country.” The company had the option to pay Rs 3,848.88 crore in advance and the balance in 19 annual instalments.
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Country’s biggest ever auction of telecom spectrum received Record ₹1.5 lakh crore bidsMukesh Ambani’s Jio captured nearly half of all the airwaves sold with a bid of ₹87,946.93 crore. In the past one year, Airtel said it has also cleared ₹24,333.7 crore of its deferred spectrum liabilities, much ahead of the stipulated maturity.