Mumbai: In the strategic move, Bharati Airtel prepaid all liabilities for the spectrum acquired earlier in 2015.

As per the company statement, ' Bharati Airtel has prepaid Rs 8325 crore to the DoT (department of telecommunications) for spectrum acquired in 2015 on Tuesday.'

The company's advance payment decision is to save interest costs and maintain more cash flows and working capital needs ahead of 5 G spectrum sales in March 2024. Back in 2015, Airtel bought 111.6 MHz of spectrum for Rs 29130 Crore out of which Rs 7832.58 crore was paid already.

The company needs to renew airwaves of approximately Rs 4200 crore. In the last 5 G spectrum sale, the government sold 71 per cent of 72 GHz spectrum amounting to Rs 150173. In 2015, the company made two rounds of payments of Rs 8815 crore and Rs 8024 crore respectively.