Bharti Airtel Surges After Making Advance Payments For 5G Spectrum

Bharti Airtel share price surged 1.59 per cent to close at Rs 733.25 on the BSE on Thursday.

The share price of telecom service provider Bharti Airtel surged on Thursday after the company made advance payments for 5G spectrum purchase.

Bharti Airtel share price surged 1.59 per cent to close at Rs 733.25 on the BSE on Thursday. The scrip touched a high of Rs 735.70 in the intra-day.

Bharti Airtel share price has gained 4.5 per cent in the past two trading sessions.

The company's shares rose sharply after it made advance payments for the 5G spectrum. Bharti Airtel on Wednesday said it has paid Rs 8,312.4 crore to the Department of Telecom (Government of India) towards dues for spectrum acquired in the recently concluded 5G auctions.