Airtel acquires Rs 18,699 cr in spectrum auction
Published On: Tuesday, March 2, 2021 | By: Team KnowMyStock
Bharti Airtel on Tuesday said it 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 government that took place yesterday after five years. All of the spectrum will enable Airtel to deliver 5G services in future,' the telco said."This gives Airtel the most formidable spectrum holdings in the country. Airtel has now secured pan India footprint of Sub GHz spectrum that will help improve its deep indoor and in-building coverage in every urban town," the telco said in a regulatory filing. Airtel said the spectrum acquired through the latest auction will also help improve its coverage in villages by offering the superior experience to an additional 90 million customers in India.
India's first auction of spectrum in five years attracted ₹77,146 crores of bids on an opening day on Monday with Reliance Jio, Bharti Airtel, and Vodafone Idea participating in the bidding process.
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