Airtel’s Sunil Mittal praises Modi govt for quick 5G allocation, says “no fuss, ease of doing business at work in its full glory”

On Thursday, the founder and chairman of Bharti Enterprises, Sunil Bharti Mittal, commended the government’s strategy for allocating the 5G spectrum within hours of paying the required fees.

The founder of one of India’s oldest private telecom companies said in a statement that Bharti Airtel received the letter allocating its spectrum just a few hours after making a deposit with the Department of Telecom (DoT).

“Yesterday Airtel paid Rs 8312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. E-band allocation was given along with spectrum as promised,” Mittal said in the statement on Thursday.

“E band allocation was given along with spectrum as promised. No Fuss, No Follow Up, No running around the corridors and No tall claims. This is ease of doing business at work in its full glory,” he added.

“In my over 30 years of first-hand experience with DOT, this is a first ! Business as it should be,” he noted.

“Leadership at work-Right at the top and at the helm of telecom. What a Change ! Change that can transform this nation – power its dreams to be a developed nation,” Mittal said.

In a filing with the stock exchange on Wednesday, Bharti Airtel disclosed that it had paid the DoT Rs 8,312.4 crore toward the outstanding balance for the recently completed 5G spectrum auctions.

The telecom has already paid for four years’ worth of spectrum dues, and the filing stated that this upfront payment, along with a four-year moratorium on spectrum dues and AGR-related payments, will free up future cash flows and allow Airtel to allocate resources to solely focus on the rollout of 5G.

“In my over 30 years of first-hand experience with DOT, this is a first! Business as it should be. Leadership at work-Right at the top and at the helm of telecom. What a Change ! Change that can transform this nation – power its dreams to be a developed nation,” Mittal said.

Bharti Airtel acquired 19,867.8 MHz of spectrum in the recently completed 5G auctions by securing a pan-India footprint of the 3.5 GHz and 26 GHz bands and making selective purchases of radio waves in the low and mid-band spectrum. It submitted a winning bid of Rs 43,039.63 crore.

Before the end of this month, Airtel plans to launch its 5G services in the nation.