Bharti Airtel Ltd. has acquired 97 MHz of spectrum, winning back expiring spectrum and purchasing additional spectrum to enhance its mid-band holdings across select circles. The company has invested a total of Rs 6,857 crore for this spectrum, according to an exchange filing.
This acquisition ensures Airtel continues to hold the largest mid-band spectrum pool in the country.
Of the additional spectrum, Bharti Hexacom Ltd. has acquired 15 MHz with an outlay of Rs 1,001 crore.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The spectrum purchase aligns with Bharti Airtel's strategy to build a large mid-band spectrum pool to deliver seamless 4G and 5G services nationwide. This acquisition will enable customers to enjoy enhanced browsing speeds and improved indoor coverage, thanks to the expanded mid-band spectrum holdings.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
