Tata Teleservices has succeeded in winning additional spectrum of 2.5 MHz each in 800 MHZ band in Mumbai and Maharashtra circles with bid values of Rs 18.19 billion and Rs 19.99 billion respectively.

The spectrum validity is for 20 years and the company has option of deploying technology of its choice in this spectrum. The total upfront payment to be made by TTML is at Rs 9.55 billion.

This additional spectrum is in addition to the current holding of 3.75 MHz in Mumbai and 2.5 MHz in Maharashtra in 800 MHz band, where the company has an option to liberalize the spectrum in accordance with the terms of the notice inviting application (NIA) released by the department of telecommunications (DoT). TTML also currently holds spectrum in 1800 MHz in Mumbai and Maharashtra and also 3G spectrum in 2100 MHz spectrum band in Maharashtra.

The win in Mumbai and Maharashtra gives TTML the ability to offer premium 3G/4G services in the superior 800 MHz spectrum band post liberalization of the existing spectrum holdings in this band.   

Shares of the company declined Rs 0.12, or 1.54%, to settle at Rs 7.68. The total volume of shares traded was 558,104 at the BSE (Friday).