Reliance Jio Infocomm Limited, on Wednesday announced that it has paid Rs 30,791 crore, which includes accrued interest to the department of telecom towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions before March 2021.
“Reliance Jio Infocomm Ltd (“RJIL”), announces that it has paid Rs 30,791 crore (including accrued interest) to the Department of Telecom towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions of
year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right to use with Bharti Airtel Limited,” the company said in a regulatory filing.
The telecom operator had acquired 585.3 MHz spectrum in the said auctions/trading, the company mentioned. Reliance Jio had executed the first tranche of prepayment on the anniversary date in the month of October 2021 pertaining to spectrum acquired in auction in the year 2016.
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