Bharti Airtel Deploys Additional 28.2 MHz Spectrum In Uttar Pradesh

Share price of Bharti Airtel edged lower by more than one per cent on Tuesday, June 29, a day after the telecom operator announced that it added an additional 28.2 MHz spectrum in Uttar Pradesh, in order to boost the network capacity for offering high-speed data services. On Tuesday, Bharti Airtel opened on the BSE at Rs 531.20, inching to an intra day high of Rs 532.25 and an intra day low of Rs 524, throughout the trading session today. 

According to news agency PTI, the telecom operator said that it ready for 5G technology. With the latest spectrum addition, Bharti Airtel claims that it now has the largest spectrum bank of 72.2 MHz in the country's most populated state. It added that it has the largest network bank in Uttar Pradesh (East) and is well-positioned to cater to the growing demand for data services.

The deployment of the additional spectrum will allow a better availability of network and data services, along with improved coverage in homes, building, and offices, according to Airtel.

On the NSE, Bharti Airtel opened at Rs 531.25, registering an intra day high of Rs 532.25 and an intra day low of Rs 524, during the trading session. On the NSE, Bharti Airtel settled 1.13 per cent lower at Rs 525.20 apiece today.

Shares of Bharti Airtel settled 0.97 per cent lower at Rs 526 apiece on the BSE.

Meanwhile, it was recently reported that Bharti Airtel and Tata Group entered into a strategic partnership for implementing 5G networks solutions for the country. The telecom operator will pilot and deploy the indigenous solution as part of the 5G rollout plans and will begin the pilot in January 2022 according to formulated guidelines by the central government.