Bharti Airtel prepays spectrum dues worth ₹8,465 cr
Spectrum was acquired in 2016 and these liabilities carried an interest rate of 9.3%, says Airtel
Spectrum was acquired in 2016 and these liabilities carried an interest rate of 9.3%, says Airtel
The Centre is now the largest shareholder in Vi, with a 33% stake as it agreed to convert its dues worth ₹16,000 crore into equity shares.
Telcos' pass-through charges decreased by 1.12% QoQ and 0.38% YoY to ₹13,415 cr in Q1 FY23. License fee increased from ₹4,712 cr as of Jan-March to ₹4,844 cr as of April-June.
Bharti Airtel has opted to defer the payment of AGR dues till FY19, while it has retained the right to pre-pay instalment amounts and not convert interest dues into equities.
Vodafone Idea wants to complete ₹20,000 crore fundraising from the lenders and new investors before 5G auctions begin in July.
Vodafone Idea says the Department of Telecommunications has offered the company a moratorium of four years on all AGR related dues up to financial year 2018-19.
The prepayment of deferred spectrum liabilities will result in interest cost savings of around ₹1,200 crore annually, at the current interest rates.