Bharti Airtel not to bid at 5G auctions over high prices, says CEO Vittal

On the operational front, its average revenue per user rose from Rs 128 in the September quarter to Rs 135

Bharti Airtel on Wednesday said it would not buy spectrum for fifth-generation (5G) telecom technology in the coming auction of air waves, as the price was “too high”.
 
The Telecom Regulatory Authority of India (Trai) has recommended that 100 MHz of 5G spectrum is worth close to Rs 50,000 crore. “Too high priced, we will not pick it up at those prices,” Airtel’s Chief Executive Officer Gopal Vittal said in a post-earnings call with investors on Wednesday.
 
In December 2019, the Digital Communications Commission, apex government decision making body in telecom, gave its nod to spectrum auction plans