Licences of five circles of Airtel are expiring on February 9 while one will expire in July. India s second largest telecom operator will buy spectrum for these circles in the upcoming auction, slated to be conducted in March, company officials said.
The advanced payments will help Airtel save costs annually and boost cash flow ahead of the next round of spectrum auction, which is likely to happen within this fiscal year.
The telecom giant said that in the last four months it cleared Rs 24,334 crore of its deferred spectrum liabilities, which is much ahead of its scheduled maturities.
The deployment will strengthen the network for Airtel customers across the state including offering wider coverage along highways and rail routes as well as increase footprint in villages, the company said.
Govt completes assignment of 4G spectrum to telecos
The government had sold 855.60 MHz of spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz bands during the auction.
BusinessToday.In | April 17, 2021 | Updated 00:06 IST
The frequency assignment was accompanied by a frequency harmonisation exercise.
The Centre on Friday said it has completed assigment of airwaves to telecom companies who bidded successfully in the spectrum auction held last month. Frequency assignment letters were issued to successful bidders today, a release said.
The government also accepted the request of Bharti Airtel and Reliance Jio Infocomm Ltd for assignment of immediately available unsold spectrum blocks in place of spectrum blocks in the same band and licensed service areas (LSA) assigned to them from later dates, it said.