Airtel buys Rs 18,699-cr radiowaves; Voda acquires spectrum in 5 circles

Bharti Airtel on Tuesday said it has picked up radiowaves worthRs 18,699 crore in just-concluded auction, while rival Vodafone Idea said spectrum acquired by it in five circles will help boost 4G coverage and capacity.

The auction, which put on offer a total of2308.80 MHz of spectrum worthRs 4 lakh crorein seven bands, concludedon Tuesday, just a day after it commenced.

Market sources estimated that Reliance Jio had acquired spectrum valued at about Rs 55,000 crore, but there is no official confirmation so far.