Vodafone Idea is pleased to announce acquisition of 50 MHz of spectrum across low band and mid band spectrum in 11 circles at a total commitment of Rs. 3,510 Crore, in the spectrum auction concluded.
In addition to renewal of 900 MHz spectrum in UP West and West Bengal circles, Company has also
enhanced its 900 MHz spectrum holding in 7 circles, namely Andhra Pradesh, Tamil Nadu, Karnataka, Punjab, Rajasthan, UP East and Kolkata, enabling it to dedicate adequate 900 MHz band spectrum for 4G thereby enhancing the experience of its 4G customers in these large markets, particularly the indoor experience.
In circles of Andhra Pradesh, Tamil Nadu, Punjab and large parts of Karnataka and Uttar Pradesh, 4G on sub GHz 900 band will be offered for the first time which will result in better coverage and experience. In addition to 900 MHz spectrum, the company has also acquired 1800 MHz spectrum in Madhya Pradesh and 2500 MHz spectrum in Bihar, which will help in increasing the network capacity quickly. This spectrum acquisition is in line with the long-term strategic plan of the Company to offer superior experience to its customers as well as to effectively utilize the spectrum across existing and emerging technologies.
The Company, with a strong subscriber base of 212.6 million, 4G population coverage of over 1 billion Indians, competitive spectrum profile, extensive distribution reach and a well-established brand along with differentiated digital offerings, is well positioned to effectively compete in the market.
Akshaya Moondra, CEO, Vodafone Idea Limited, said “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. As VIL embarks on its growth journey with the fund-raising plan in place, this spectrum acquisition will further strengthen its competitive position in the market.”