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Bharti Airtel acquires 355.45 MHz spectrum for ₹ 18,699 crore

Bharti Airtel has now secured the all-India level of sub-GHz spectrum which will help improve its deep indoor and building coverage in every urban town.

Bharti Airtel has acquired 355.45 MHz of spectrum for Rs 18,699 crore in the spectrum auction concluded on Tuesday.

“Bharti Airtel … has acquired 355.45 MHz spectrum in sub GHz, mid-band and 2300 MHz band for a total consideration of Rs 6 18,699 crore, in the latest spectrum auction conducted by the Department of Telecommunications … This gives Airtel the most formidable spectrum. Gives. There is a hold in the country, “the company said in a statement.

It states that all spectrum will enable the company to deliver 5G services in future.

Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel said, “… Airtel now has a solid spectrum portfolio which will enable it to provide the best mobile broadband experience in India. We are most excited to bring the power of Airtel services to an additional 90 million customers in India through the power of our Pan India subzone footprint. “

The company said that despite the huge amount of spectrum available, the 700 MHz band did not receive any bids from the operators as it did not make any economic case for them based on high reserve prices.

“The 700 MHz band together with the 3.5 MHz band has the potential to accelerate India’s progress in the top leagues of digitally enabled countries. Therefore, in the future the reserve pricing of these bands should be addressed on priority. This will help the nation to benefit from the digital dividend that will inevitably arise from it, ”it said in a statement.

Bharti Airtel has now secured the all-India level of sub-GHz spectrum which will help improve its deep indoor and building coverage in every urban town. The company said that this “precious spectrum” would help improve its coverage in villages by offering the experience of Airtel to an additional 90 million customers in India.

“Through this auction, Airtel has decisively strengthened its mid-band and capacity spectrum holdings which will help deliver an exceptional customer experience in marginal capex. All spectrum will enable Airtel to offer 5G services in future. “It was added.

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