Press Release27 Jun 2024, 01:37 am
Airtel Secures 97 MHz Spectrum for Rs 6857 cr, Strengthening its Lead in Delivering the Best Experience
AI Summary
Bharti Airtel, India’s premier telecommunications services provider, has announced the purchase of spectrum in key circles. The company has spent a total consideration of Rs 6,857 cr to secure the said quantum of spectrum. Out of the above, Bharti Hexacom Ltd has acquired 15 MHz with an outlay of Rs.1,001 cr. This purchase will enable Airtel to continue to enjoy the largest mid-band spectrum pool in the country, significantly improving its coverage, especially indoor. The move aligns with Airtel's strategy to build a large pool of mid-band holding to deliver seamless 4G and 5G services across the country.
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, bolstering Airtel's mid-band holding across key circles.
- Airtel successfully renewed spectrum that was expiring in 2024 along with additional spectrum purchase.
- Bharti Hexacom Ltd, a communications solutions provider, acquired 15 MHz with an outlay of Rs.1,001 cr.
- The purchase will enhance browsing speeds and improve indoor coverage for Airtel customers.