Bharti Airtel acquires 173.8 Mhz spectrum across 1800/2100/2300 MHz bands

For total consideration of Rs 14244 crore

Bharti Airtel said that it has acquired 173.8 Mhz spectrum across 1800/2100/2300 MHz bands for a total consideration of Rs 14,244 crore in the latest spectrum auction conducted by the Department of Telecom, Government of India.

Airtel has further strengthened its pan-India spectrum portfolio and secured its spectrum requirements for the next 20 years. The Company now has 4G and 3G spectrum in all circles, giving it the widest mobile broadband footprint across the country. It already has 2G spectrum in all circles. Over the past six years, the Company has acquired spectrum worth appx. Rs 100,000 crore through auctions and trading.

Through strategic buying, in the latest auction, Airtel has built new 4G/3G capabilities in 7 circles. The Company has spent Rs. 10,340 crore towards enhancing data capacities in 15 circles. It has also spent Rs 321 crore towards completing some of the existing partial blocks in 4 circles, giving it a second Carrier for its future needs.

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