newsbytes
Bharti Airtel has acquired ₹18,699 crore worth of radiowaves on the first day of India’s 4G spectrum auction that took place on March 1 after five years.
Airtel’s statement read, “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. In addition, this precious spectrum will also help improve its coverage in villages by offering the superior Airtel experience to an additional 90 million customers in India.”
The telco bought 48.85 MHz of the sub-GHz bands in the 800 MHz and 900 MHz bands for Rs9,457 crore. It also acquired 86.6 MHz of mid-band spectrum in the 1800 MHz and 2100 MHz bands for Rs6,172 crore and 220 MHz of capacity spectrum in the 2300 MHz band for Rs3,070 crore, Airtel said.
The statement also said, “All of the spectra will enable Airtel to deliver 5G services in future.”