Airtel acquires spectrum worth Rs 18,699 crore in auction

0
29

Telecom operator Bharti Airtel on Tuesday mentioned it has acquired radiowaves worth Rs 18,699 crore in the most recent spectrum auction.
The telco has acquired 355.45 MHz spectrum throughout Sub GHz, mid band and 2300 MHz bands, giving it “most formidable” spectrum holding in the nation, Airtel mentioned in an announcement.

All of the spectrum will allow Airtel to ship 5G providers in future, it added.

“Airtel…has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands for a total consideration of Rs 18,699 crore in the latest spectrum auction conducted by the Department of Telecom,” the corporate mentioned.

Airtel has now secured pan-India footprint of Sub GHz spectrum that may assist enhance its deep indoor and in constructing protection in each city city. Moreover, the spectrum may also assist enhance its protection in villages, the assertion famous.

Airtel identified that regardless of the massive quantity of spectrum made out there, the 700 MHz band didn’t get any bid from the operators because it made “no economic case” for them as a result of excessive reserve costs.

“The 700 MHz band coupled with the 3.5 GHz band has the potential to accelerate India’s progress to the top league of digitally enabled nations. Therefore, the reserve pricing of these bands must be addressed on priority in future,” Airtel mentioned.

Gopal Vittal, MD and CEO (India & South Asia), Bharti Airtel mentioned, the corporate now has a “solid spectrum portfolio that will enable it to continue delivering the best mobile broadband experience in India”.

“We are most excited at bringing the power of Airtel services to an additional 90 million customers in India through the power of our pan-India Sub GHz footprint,” Vittal added.

Spectrum auctions — that placed on provide a complete of 2308.80 MHz of spectrum worth Rs 4 lakh crore in seven bands — concluded on Tuesday, the second day of bidding.

On Monday, the opening day, bids worth Rs 77,146 crore had come in with Reliance Jio, Bharti Airtel, and Vodafone Idea taking part in the bidding course of – a response that the federal government had mentioned was higher than anticipated.

There have been, nevertheless, no takers for spectrum in the 700 MHz and 2500 MHz bands on the primary day.

LEAVE A REPLY

Please enter your comment!
Please enter your name here