Vodafone Idea buys spectrum in five telecom circles

New Delhi: Vodafone Idea Ltd has acquired spectrum in India’s five telecom circles in the auction for 4G wireless service, the company said in a statement on Tuesday. The company did not disclose the quantity of spectrum bought or the financial details of the transactio.

The Birla group company said it entered this auction, which started on Monday, holding the largest quantum of spectrum with a small fraction due for expiry. India has 22 telecom circles.

“We have used this opportunity to optimise spectrum holding post-merger (of Vodafone India Ltd and Idea Cellular Ltd in August 2018) to create further efficiencies in few circles… The spectrum we have acquired in 5 circles will help us enhance our 4G coverage and capacity, enabling superior digital experience for our customers,” the company said.