{"id":145546,"date":"2024-10-01T12:29:56","date_gmt":"2024-10-01T12:29:56","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/01\/bharti-airtel-pays-1-billion-to-partly-clear-2016-spectrum-dues\/"},"modified":"2024-10-01T12:29:57","modified_gmt":"2024-10-01T12:29:57","slug":"bharti-airtel-pays-1-billion-to-partly-clear-2016-spectrum-dues","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/01\/bharti-airtel-pays-1-billion-to-partly-clear-2016-spectrum-dues\/","title":{"rendered":"Bharti Airtel Pays $1 Billion to Partly Clear 2016 Spectrum Dues"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"675\" src=\"https:\/\/i0.wp.com\/i.gadgets360cdn.com\/large\/airtel_logo_1720175264576.jpg?fit=1200,675&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Bharti Airtel Pays  Billion to Partly Clear 2016 Spectrum Dues\" title=\"Bharti Airtel Pays  Billion to Partly Clear 2016 Spectrum Dues\" \/><\/div><p> <br \/>\n<\/p>\n<div>\n<p>Bharti Airtel has made an early payment of 84.65 billion rupees ($1.01 billion) to the Indian government, partially settling its outstanding spectrum fees from a 2016 auction, the telecom carrier announced on Monday.<\/p>\n<p>This is the first payment the country&#8217;s second-largest telecom operator is making for the phone spectrum it acquired for $2.13 billion (roughly Rs.\u00a017,852 crore)\u00a0in 2016. Phone spectrums are rights over airwaves bought for a particular time.<\/p>\n<p>Indian telecom operators have accumulated significant dues to the government over spectrum fees, following years of high-stakes auctions and competitive bidding for airwave rights.<\/p>\n<p><a class=\"sp_lnk2\" href=\"https:\/\/www.gadgets360.com\/tags\/airtel\">Airtel<\/a>, which did not disclose how much of the 2016 dues are pending after the payment, did not immediately respond to a Reuters request for comment.<\/p>\n<p>It has fully prepaid its 2012 and 2015 spectrum fees during the first quarter of the current financial year.<\/p>\n<p>Airtel&#8217;s latest payment comes weeks after India&#8217;s top court rejected a request by telecom firms to recalculate the dues they owed the government.<\/p>\n<p>As per an ICRA estimate, Airtel and its struggling rival Vodafone Idea owe roughly $12 billion (roughly Rs.\u00a01,00,577 crore) in past dues, including spectrum charges and licensing fees to the government.<\/p>\n<p>Monday&#8217;s payment to the government&#8217;s telecom department had an interest rate of 9.3 percent, Airtel said.<\/p>\n<p><em>\u00a9 Thomson Reuters 2024<\/em><\/p>\n<p><i>(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.gadgets360.com\/telecom\/news\/bharti-airtel-pay-usd-1-billion-2016-spectrum-dues-6691649#rss-gadgets-news\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bharti Airtel has made an early payment of 84.65 billion rupees ($1.01 billion) to the Indian government, partially settling its outstanding spectrum fees from a 2016 auction, the telecom carrier announced on Monday. This is the first payment the country&#8217;s second-largest telecom operator is making for the phone spectrum it acquired for $2.13 billion (roughly [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":145547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/airtel_logo_1720175264576.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[4582,22417,115696,1289,6477,18532,273,18255,5200,31299,58450,16138],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/145546"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=145546"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/145546\/revisions"}],"predecessor-version":[{"id":145548,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/145546\/revisions\/145548"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/145547"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=145546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=145546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=145546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}