Well-poised to usher in 5G revolution in India, says Bharti Airtel
Bharti Airtel on Monday said it is well-positioned to usher in the 5G revolution in India after Sunil Mittal-led telco acquired spectrum worth Rs 43,084 crore in the auction.
Airtel acquired 19867.8 MHz spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz frequency bands, bolstering its spectrum holding.
"The acquisition of this vast amount of spectrum strapped on to an already industry best existing pool of spectrum will mean that the company does not need to spend any material sum on the spectrum for many years to come," Airtel said in a statement.
In addition, the spectrum buy has enabled Airtel to drastically reduce the payout towards spectrum usage charges (SUC) and eliminate the adverse arbitrage compared to new entrants.
"Airtel now has the widest mobile broadband footprint across the country, making it well-positioned to usher in the 5G revolution in India," the statement said and claimed it is set to "lead India's 5G revolution".
From demonstrating India's first 5