Bharti Airtel has acquired 355.45 MHz spectrum across sub-GHz, mid-band and 2300 MHz bands for a total consideration of Rs 18,699 crore in the latest spectrum auction conducted by the Department of Telecom, government of India.
Airtel has now secured pan-India footprint of sub-GHz spectrum that will help improve its deep indoor and in building coverage in every urban town.
In addition, this spectrum will also help improve its coverage in villages by offering the Airtel experience to an additional 90 million customers in India.
Through this auction, the company 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.