New Delhi: telecommunications Chief Reliance Jio On Wednesday, it said it has paid Rs 30,791 crore, including accrued interest, to the Department of Telecommunications (DoT) for clearing the payment. liabilities For spectrum acquired before the March 2021 auction.
The payments include spectrum acquired in the 2014, 2015 and 2016 auctions as well as liabilities related to spectrum acquired in 2021. Bharti Airtel, the company said.
It had acquired 585.3 MHz of spectrum through these auctions and trading. “The company estimates that the above prepayment will result in interest cost savings of approximately Rs 1,200 crore annually at the prevailing interest rates,” a statement further said.
With this payment, Reliance Jio has opted out of the options given by the government to telecom operators to avail benefits of four years. Obstacle,
The payments include spectrum acquired in the 2014, 2015 and 2016 auctions as well as liabilities related to spectrum acquired in 2021. Bharti Airtel, the company said.
It had acquired 585.3 MHz of spectrum through these auctions and trading. “The company estimates that the above prepayment will result in interest cost savings of approximately Rs 1,200 crore annually at the prevailing interest rates,” a statement further said.
With this payment, Reliance Jio has opted out of the options given by the government to telecom operators to avail benefits of four years. Obstacle,
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