Anil Ambani led Reliance Communications (RCom), one of the leading telecom operators in India, announced that its total bids in the spectrum auctions stood at Rs 42.99 billion with upfront payment at Rs 11.06 billion.  The company acquires new and top-up 800/850 MHz spectrum in 11 Circles to achieve contiguous 5 MHz spectrum holding nationwide.

RCom's auction participation centered on building appropriate spectrum portfolio and value creation for next 20 years.  It invests nearly 50 per cent of its total outlay on 80 0/850 MHz band.  It operations now future-proofed across all Circles for most advanced LTE technology at most optimal cost.

The company holds 3G and CDMA spectrum in all 7 circles, with legacy 2G spectrum expiring in Dec 2015.  It has also re-acquired spectrum in 900/1800 bands in 4 of the 7 2G spectrum expiry circles. The company has bought 900 MHz spectrum in MP, HP; wins 1800 MHz spectrum in Orissa, N-E.  RCom will accelerate transition of 2G customers in remain ing 3 circles to 3G before Dec 2015. RCom also has appropriate ICR arrangements to ensure unint errupted quality service to its customers across all circles.

Shares of the company gained Rs 0.45, or 0.75%, to trade at Rs 60.85. The total volume of shares traded was 185,984 at the BSE (9.57 a.m., Friday).