India: Bharti Airtel does well to go on spectrum buying spree

Men make phone calls as they sit on a railing with Bharti Airtel billboards installed on it, along a sidewalk in Kolkata February 1, 2013. REUTERS/Rupak De Chowdhuri/Files

Just when you think Bharti Airtel Ltd already has all the mobile spectrum it needs, the company goes ahead and buys some more. Last Friday, it announced it will pay Rs.3,500 crore to buy spectrum in the 2300MHz band from Aircel Ltd in eight telecom circles. This is less than a month after it agreed to pay Videocon Telecommunications Ltd Rs.4,430 crore for spectrum in the 1800MHz band in six circles. The spectrum in both these bands is suited for fourth-generation (4G) telecom services.

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