Bharti Airtel acquires 97 MHz of spectrum worth Rs 6,857 crore for 20 years

Telecom major Bharti Airtel has secured 97 MHz of spectrum in the 900 MHz, 1800 MHz, and 2100 MHz frequency bands in an auction concluded on June 26 for a total of Rs 6,857 crore. This spectrum, obtained for 20 years period, aims to enhance the company’s mid-band holdings across key circles.

In an exchange filing, Airtel mentioned that the newly acquired spectrum would bolster its existing mid-band spectrum pool, making it the largest in the country. This acquisition includes the renewal of spectrum set to expire in 2024, ensuring continuity and improved service delivery.