TELECOM

Airtel likely to skip auction of ‘expensive’ 700 MHz band
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Airtel likely to skip auction of ‘expensive’ 700 MHz band

New Delhi: Bharti Airtel is likely to give the 700 MHz band a miss again in the upcoming spectrum auction due to its high price. Additionally, the telco doesn’t need to renew most of its airwaves that are expiring from July, a top company official said. After all telecom operators gave the 700 MHz band – considered very efficient for 4G services and even 5G in the future – a pass in the 2016 auction, the Telecom Regulatory Authority of India reduced its reserve price by 43% to Rs 6,568 crore a unit, or Rs 32,840 crore for a block of 5 MHz. “It (700 MHz) is just too expensive to buy at the current price,” the official told ET. The Cabinet earlier this month approved the sale of airwaves in an auction due to be held before March 31, 2021. A total of 2251.25 MHz worth Rs 3,92,332.7 crore at ...