Bharti Airtel, a telecom company, announced on Monday that it had paid the Department of Telecom Rs 8,024 crores in order to prepay deferred liabilities related to spectrum purchased in a 2015 auction. In a statement, Airtel stated that the interest rate on the liabilities that were prepaid was 10%. Airtel, in the statement, said it continues to enjoy access to well-diversified sources of capital or financing, allowing it to have enhanced financial flexibility in its capital structure including optimised cost of financing using all opportunities for significant interest savings.
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