Industry

Bharti Airtel acquires 355.45 MHz spectrum for ₹18,699 crore

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.

It added that all of the spectrum will enable the company to deliver 5G services in future.

Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel said, “...Airtel now has a solid spectrum portfolio that will enable it to continue delivering the best mobile broadband experience in India. We are most excited at bringing the power of Airtel services to an additional 90 million customers in India through the power of our Pan India Sub GHz footprint.”

The company added that despite the large amount of spectrum made available, the 700 MHz band bands did not get any bid from the operators as it made no economic case for them based on the high reserve prices.

“The 700 MHz band coupled with the 3.5 GHz band has the potential to accelerate India's progress to the top league of digitally enabled nations. Therefore, the reserve pricing of these bands must be addressed on priority in future. This will help the nation to benefit from the digital dividend that will inevitably arise out of this,” it said in a statement.

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. The company added that this “precious spectrum” will also help improve its coverage in villages by offering the Airtel experience to an additional 90 million customers in India.

“Through this auction, Airtel has also decisively strengthened its mid band and capacity spectrum holdings that will help it provide an exceptional customer experience at marginal capex. All of the spectrum will enable Airtel to deliver 5G services in future.” it added.

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Printable version | Apr 10, 2021 9:01:18 PM | https://www.thehindu.com/business/Industry/bharti-airtel-acquires-35545-mhz-spectrum-for-18699-crore/article33970433.ece

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