Read more about Bharti Airtel gains on acquiring 355.45 MHz spectrum for Rs 18,699 cr on Business Standard. Bharti Airtel rose 2% to Rs 542.95 after the company said that it has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands for a total consideration of Rs 18,699 crore.
Vodafone Idea rose 2.62% to Rs 11.36 after the company said it acquired spectrum in 5 circles to create further efficiencies in few circles.Vodafone Idea participated in the just concluded 2021 spectrum auction conducted by the Department of Telecom (DoT), Government of India. We have used this opportunity to optimize spectrum holding post-merger to create further efficiencies in few circles, the company said in a statement. The spectrum we have acquired in the 5 circles will further help us to enhance our 4G coverage and capacity, enabling superior digital experience for our customers, it added.
The teleco said that in the next few years, the telecom industry readies to deploy 5G technology with India specific use cases.
Read more about Sensex, Nifty sharply pare gains on Business Standard. The equity benchmarks sharply pared gains in mid-morning trade. The Nifty hovered around the 14,800 mark. IT, FMCG and auto stocks advanced while banks and financial shares corrected.
For consideration of Rs 18,699 croreBharti Airtel has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands for a total consideration of Rs 18,699 crores in the latest spectrum auction conducted by the Department of Telecom, Government of India. This gives Airtel the most formidable spectrum
holdings in the country.
Airtel has now secured pan India foot print of Sub GHz spectrum that will help improve its deep indoor
and in building coverage in every urban town. In addition, this precious spectrum will also help
improve its coverage in villages by offering the superior Airtel experience to an additional 90 million
Read more about Indices hit day s high; Nifty above 14,900 mark on Business Standard. The barometer indices edged higher and hit the day s high in morning trade. The Nifty reclaimed the 14,900 mark. All sectoral indices on the NSE were trading in the green. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 478.12 points