5G Spectrum Auction: Vodafone Idea acquires 3300MHz band in 17 priority circles

2 Aug 2022 , 11:44 AM

Vodafone Idea Limited announced its active participation in the just concluded 2022 spectrum auction conducted by the Department of Telecommunications (DoT), Govt. of India.

The telecom operator informed that it successfully acquired mid-band 5G spectrum (3300 MHz band) in its 17 priority circles and mmWave 5G spectrum (26 GHz band) in 16 circles. This will enable the company to offer a superior 5G experience to customers along with strengthening company’s offerings and opening doors for new opportunities for business growth in the emerging 5G era.

The company further stated that it will continue its collaboration with enterprise customers and partners to prioritize and develop 5G use cases for deployments in the real world.

Voda-Idea also emphasized that the additional 4G acquisition in 3 circles of Andhra Pradesh, Karnataka, and Punjab will provide an enhanced customer experience.

Company believes that the spectrum acquisition will help the company to strengthen its position in key markets and falls in line with its long-term growth intent.

With the addition of new spectrums, Voda-Idea has a solid portfolio of spectrums across all bands in all its priority circles. The company now owns 7,975.20 liberalised spectrum.

At around 11.48 AM, Vodafone Idea was trading at Rs9.33 up by Rs0.21 or 2.3% from its previous closing of Rs9.12 on the BSE. The scrip opened at Rs9.25 and has touched intraday high and low of Rs9.54 and Rs9.20 respectively.