Airtel acquires 355.45 MHz spectrum for ₹18,699 crore in the spectrum auctions

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.
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.
“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.
Report by Chetali S M
Reported on – 02/03/2021