Bharti Airtel spends Rs 14,244 Cr, acquires 173.8 MHz spectrum

Bharti Airtel 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.

bharti-airtel-spends-rs-14244-crThe company now has 3G and 4G 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 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….See More

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