Airtel: Excited with the results of the 5G auction; 5G service coming soon, starting with key cities
Bharti Airtel announced that they have obtained the 19,800 MHz spectrum by securing the all-India footprint of the 3.5 GHz and 26 GHz bands. In addition, the company was able to selectively enhance the mid-band spectrum. This spectrum bank was secured with a total consideration value of Rs 43,084 crore in the latest spectrum auction conducted by Ministry of Telecommunications, Government of India.
Will help reduce SUC payments
Airtel secured 5G spectrum for 20 years in this auction. In addition, this spectrum acquisition has allowed Airtel to significantly reduce the spectrum usage fee (SUC) payment and eliminate the adverse SUC price differential against new entrants. Airtel claims that it currently has the widest area of mobile broadband in the country.
“Over the years, Airtel has been very wise in its approach to competitive spectrum procurement. It has managed to amass the largest pool of low and mid-band spectrum (Sub ghz/1800/2100/band). 2300) can be used to provide the best 5G coverage while the large capacity in the 3.5GHz and 26GHz bands will allow Airtel to generate 100X capacity at the lowest cost,” the company said. know in a statement.
Helps provide competitive advantage
Airtel claims that the spectrum it has acquired allows it to meet all of its goals – the best 5G experience, 100x capacity enhancement and the most power efficient solutions will go towards meeting ESG targets the company’s ambitions. More importantly, it will help the company create a competitive advantage for years to come by providing a lower total cost of ownership.
Airtel said it now plans to roll out 5G services everywhere in the country, starting with key cities. The company said it firmly believes its customer base will use 5G equipment at rapid speeds in the country. It also claims that its presence in the enterprise segment will enable a wide range of industrial use cases to further strengthen its leadership position in the B2B market.
Gopal Vittal, MD and CEO, Bharti Airtel said, “Airtel is delighted with the results of the 5G . Auction. This acquisition of spectrum at the latest auction is part of a deliberate strategy to purchase the best spectrum assets at a significantly lower relative cost than our competitors. This will enable us to raise the bar of 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, speed and latency. This will allow us to change a lot of established models for both our B2C and B2B customers. 5G technology is a revolution that could change India’s manufacturing, services and several other sectors. ”