Airtel acquires spectrum worth Rs 18,699 crore; to help cover 90 million customers
The newly acquired airwaves will help Airtel improve its coverage in villages by offering a superior experience to an additional 90 million customers.
BusinessToday.In | March 2, 2021 | Updated 15:59 IST
Airtel said it has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2,300 MHz bands.
Bharti Airtel on Tuesday said it has acquired 355.45 Megahertz (MHz) of airwaves for Rs 18,699 crore in the telecom spectrum auction conducted by the government.
The newly acquired airwaves give Airtel the most formidable spectrum holdings in the country and will help improve its coverage in villages by offering a superior experience to an additional 90 million customers in India, the company said in a release.
Spectrum auction: Reliance Jio biggest buyer, airwaves worth over Rs 77,000 cr sold
Jio acquired 488.35 MHz of airwaves, while Bharti Airtel acquired 355.45 MHz for Rs 18,699 crore.
BusinessToday.In | March 2, 2021 | Updated 19:39 IST
A total of 2,308.80 MHz spectrum in seven frequency bands was put to auction, including spectrum expiring up to December, 2021.
The government sold airwaves worth Rs 77,814.80 crore in the spectrum auction, with Reliance Jio emerging as the biggest buyer by acquiring spectrum worth Rs 57,122.65 crore.
In a release, the government said 855.60 MHz of airwaves were bought for Rs 77,814.80 crore in two days of auction, which concluded on Tuesday after six rounds of bidding. It had received bids of Rs 77,146 crore on the first day of spectrum auction on Monday.