Telecom giant Bharti Airtel made a significant step in its financial operations by prepaying yesterday Rs 8,024 crores to the Department of Telecom.

This prepayment was aimed at clearing the deferred liabilities linked to the spectrum it acquired during an auction held back in 2015.

According to an Airtel statement, the prepaid liabilities carried an interest rate of 10 percent. By settling these dues, the company aims to streamline its financial obligations and bolster its financial position, ANI reported.

Airtel emphasized that it currently maintains access to a diverse range of capital sources and financing options.

This enables the company to enjoy greater financial flexibility in managing its capital structure and optimizing the cost of financing. By seizing all opportunities for significant interest savings, Airtel seeks to reinforce its financial stability further.