New Delhi, Bharti Airtel said it has bought 97 MHz radio frequencies, about 60 per cent of the total sold airwaves, for Rs 6,857 crore in the latest auction concluded on Wednesday.
Additionally, the telecom company's subsidiary Bharti Hexacom has acquired 15 MHz with an outlay of Rs 1,001 crore, Bharti Airtel said in a statement.
India's spectrum auction ended within hours of the second day of bidding, with telecom companies buying a total of about Rs 11,340 crore worth of radio waves, just 12 times the estimated minimum price of Rs 96,238 crore for spectrum offered by the government. Is the percentage. ,
"Airtel acquired 97 MHz of spectrum in 900 MHz, 1,800 MHz and 2,100 MHz frequency bands through the auction for Rs 6,857 crore," the company said in a statement.
With this purchase, Bharti Airtel will continue to enjoy the largest mid-band spectrum pool in the country, the statement said.
Bharti said, "Airtel continues to prudently acquire the right amount of spectrum to provide the best possible experience to its customers. In this auction, we have strengthened our sub-GHz and mid-band holdings, thereby "Our coverage will improve significantly." Gopal Vittal, Managing Director and CEO of Airtel said.
Additionally, the telecom company's subsidiary Bharti Hexacom has acquired 15 MHz with an outlay of Rs 1,001 crore, Bharti Airtel said in a statement.
India's spectrum auction ended within hours of the second day of bidding, with telecom companies buying a total of about Rs 11,340 crore worth of radio waves, just 12 times the estimated minimum price of Rs 96,238 crore for spectrum offered by the government. Is the percentage. ,
"Airtel acquired 97 MHz of spectrum in 900 MHz, 1,800 MHz and 2,100 MHz frequency bands through the auction for Rs 6,857 crore," the company said in a statement.
With this purchase, Bharti Airtel will continue to enjoy the largest mid-band spectrum pool in the country, the statement said.
Bharti said, "Airtel continues to prudently acquire the right amount of spectrum to provide the best possible experience to its customers. In this auction, we have strengthened our sub-GHz and mid-band holdings, thereby "Our coverage will improve significantly." Gopal Vittal, Managing Director and CEO of Airtel said.