Bharti Airtel seemed to have a strategy focused on filling the gap in sub-GHz, and capacity spectrum. Representational Image
Telecom companies have bid for more than the street expected them to shelve for radio airwaves in the auction held by the Government of India on March 1 & 2. The government raked in Rs 77,800 crore vs its expectation of Rs 45,000 crore. Out of the total 2308.8 MHz on the block bids came for 855.6 MHz of the spectrum.
Lion s share in this spectrum buyout is Reliance Jio s which bought 488.35 MHz of spectrum for Rs 57100 cr, this was 44% higher than required for renewal. Bharti Airtel on other hand has 104% higher than required for renewal with bidding for 355.45 MHz for Rs 18,700 cr. Bharti Airtel seemed to have a strategy focused on filling the gap in sub-GHz, and capacity spectrum.