Airtel Acquires 97 MHz Spectrum for Rs 6857 Cr, Strengthening its Lead in Delivering the Best Experience
Bharti Airtel, India’s premier telecommunications services provider, announced the purchase of 97 MHz spectrum in key circles through an auction for Rs 6857 cr. The acquisition includes winning back spectrum that was expiring in the current year and purchasing additional spectrum to bolster its mid-band holding across the select circles. Airtel has spent a total consideration of Rs 6,857 cr to secure the said quantum of spectrum. The spectrum purchase is in line with the company’s stated strategy to build a large pool of mid-band holding to deliver seamless 4G and 5G services across the country. The company has consistently been at the forefront of introducing disruptive technologies to India, and the use of mid-band spectrum will enhance browsing speeds and improve indoor coverage.
Key Highlights
- Airtel acquires 97 MHz spectrum in 900 MHz, 1800 MHz and 2100MHz frequency bands for Rs 6857 cr.
- Spectrum secured for 20 years, ensuring long-term commitment and stability.
- Airtel successfully renewed spectrum that was expiring in 2024 along with additional spectrum purchase to bolster its mid-band holding across the key circles.
- The acquisition will help Airtel to deliver seamless 4G and 5G services across the country.
- Airtel has consistently been at the forefront of introducing disruptive technologies to India.