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.
Updated:
March 02, 2021 14:21 IST
Bharti Airtel has now secured a pan-India footprint of Sub GHz spectrum that will help improve its deep indoor and in building coverage in every urban town.
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Bharti Airtel has now secured a pan-India footprint of Sub GHz spectrum that will help improve its deep indoor and in building coverage in every urban town.
Bharti Airtel has acquired 355.45 MHz spectrum for ₹18,699 crore in the spectrum auctions which concluded on Tuesday.
“Bharti Airtel. has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands for a total consideration of ₹18,699 crore in the latest spectrum auction conducted by the Department of Telecom. This gives Airtel the most formidable spectrum holdings in the country,” the company said in a statement.
Read more about Bharti Airtel gains on acquiring 355.45 MHz spectrum for Rs 18,699 cr on Business Standard. Bharti Airtel rose 2% to Rs 542.95 after the company said that 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.
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. This gives Airtel the most formidable spectrum holdings in the country. Airtel has now secured pan India foot print of Sub GHz spectrum that will help improve its deep indoor and in building coverage in every urban town, the company said. 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.