Airtel buys 355.45 MHz of airwaves for Rs 18,699 crore

New Delhi: Bharti Airtel Tuesday said that it has acquired 355.45 MHz spectrum across sub GHz, mid band and 2300 MHz bands for Rs 18,699 crores in the latest spectrum auction which ended earlier in the day.

“Airtel has now secured Pan India foot print of sub GHz spectrum that will help improve its deep indoor and in building coverage in every urban town. In addition, this precious spectrum will also help improve its coverage in villages by offering the superior Airtel experience to an additional 90 million customers in India,” the telco said in a statement.

The company bought spectrum 48.85 MHz of the sub-GHz bands in the 800 MHz and 900 MHz bands for Rs9,457 crore, 86.6 MHz of mid-band spectrum in the 1800 MHz and 2100 MHz bands for Rs6,172 Crore and 220 MHz of capacity spectrum in the 2300 MHz band for Rs3,070 crore, Airtel said.