HT Bureau
GUWAHATI, Aug 1: Bharti Airtel (Airtel) announced that it is set to lead India’s 5G revolution. It informed that it has acquired 19800 MHz spectrum by securing a pan India footprint of 3.5 GHz and 26 GHz bands. In addition, the company was able to selectively bolster the mid-band spectrum. This massive spectrum bank was secured for a total consideration of Rs 43084 crores in the latest spectrum auction conducted by the department of Telecom, Government of India. In addition, this spectrum acquisition has enabled Airtel to drastically reduce the payout towards spectrum usage charge (SUC) and eliminate the adverse SUC arbitrage compared to new entrants.
Airtel informed that it has now the widest mobile broadband footprint across the country making it well-positioned to usher in the 5G revolution in India. Further, Airtel plans to launch 5G services in every part of the country starting with key cities very soon.
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Gopal Vittal, MD & CEO, Bharti Airtel said, “Airtel is delighted with the results of the 5G auction. This spectrum acquisition at the latest auction has been a part of a deliberate strategy to buy the best spectrum assets at a substantially lower relative cost compared to our competition. This will allow us to raise the bar on innovation and address the emerging needs of every discerning customer who demands the best experience in India. We are confident that we will be able to deliver the best 5G experience in India in terms of coverage, speeds, and latency. This will allow us to change a lot of established paradigms for both our B2C and B2B customers.”
