Airtel Pays Rs. 8.3 Crore to DoT as Advance Instalment for Recently Purchased 5G Spectrum
Telecom operator Bharti Airtel has paid Rs. 8,312.4 crore to the Department of Telecom (DoT) towards dues for spectrum acquired in the recently concluded 5G auctions, the company said on Wednesday.With the payment, Airtel has paid four years of 2022 spectrum dues upfront.Airtel said it believes that this upfront payment, coupled with the moratorium on spectrum dues and AGR (adjusted gross revenue)-related payments for four years, will free up future cash flows and allow Airtel to dedicate resources to single-mindedly…