Surprisingly large mid-band spectrum purchase to boost Vi’s 4G: Analysts

Vodafone Idea’s (Vi) surprising purchase of spectrum for the renewal and new 4G airwaves across the 1,800 MHz and 2,500 Mhz bands in the latest auctions is set to boost the telco’s network experience across 9 circles, analysts said on Thursday.

With bids worth Rs 6,856 crore, Bharti Airtel was the biggest buyer of airwaves, purchasing 97 MHz spectrum.

Telecom market leader Reliance Jio bought the lowest amount of spectrum — 14.4 MHz — at Rs 973 crore.