Airtel Bags 355.45 MHz Spectrum worth Rs.18,699 Crore
Bharti Airtel acquires 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands for a total cost of Rs.18,699 crore in the latest spectrum auction conducted by the Department of Telecom, Government of India.
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. The telco is now has the most formidable spectrum holdings in the country. In the aftermath of the spectrum purchase, the company will be also able to improve its coverage in villages by offering the services to an additional 90 million customers in India.
Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel, said “The Department of Telecom for conducting a very efficient auction and putting out a large quantum of spectrum across multiple bands in the latest auction."
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
Airtel has also decisively strengthened its mid band and capacity spectrum holdings that will help it offer an exceptional customer experience at marginal capex. All of the spectrum will enable Airtel to deliver 5G services in future.
That despite the large amount of spectrum made available, the 700 MHz band bands did not see any bidders from the operator’s stance. Airtel opined that 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.