Vodafone Idea buys spectrum worth Rs 3,510 cr to enhance overall network
New Delhi: Cash-strapped telecom operator Vodafone Idea has acquired spectrum worth Rs 3,510 crore to enhance its 4G network coverage and launch 5G services, the company announced on Wednesday.
In addition to renewing its 900 megahertz spectrum in UP West and West Bengal, the company has also increased its 900 MHz spectrum holdings in seven circles: Andhra Pradesh, Tamil Nadu, Karnataka, Punjab, Rajasthan, UP East, and Kolkata.
"VIL has strategically acquired spectrum in the select markets to enhance and strengthen its overall spectrum portfolio. This acquisition will enable us to effectively use dedicated sub GHz spectrum towards advanced technologies to enhance the experience we offer to our customers," VIL CEO Akshaya Moondra said in a statement.
"In addition to 900 MHz spectrum, the company has also acquired 1,800 MHz spectrum in Madhya Pradesh and 2,500 MHz spectrum in Bihar, which will help in increasing the network capacity quickly," the statement said.
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