Bharti Airtel says 173 Mhz acquired for Rs 14,244 crore

Bharti Airtel, India's largest telecom services provider, on Thursday said that it has acquired 173.8 Mhz of spectrum across 1,800 MHz, 2,100 MHz and 2,300 MHz bands for a total consideration of Rs 14,244 crore in the latest auctions of the government.

"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, it has acquired spectrum worth approximately Rs 100,000 crore through auctions and trading," Airtel said in a statement.

"Despite the large amount of spectrum made available, certain bands did not get any bid from the operators as it made no economic case for them based on the high reserve prices. Three-four national operators with robust 700 Mhz based broadband networks have the potential to accelerate India's progress to the top league of digitally enabled nations."

--IANS

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