Telecom operator Bharti Airtel today acquired radiowaves worth Rs 18,699 crore in the spectrum auction.

The telco has acquired 355.45 MHz spectrum across Sub GHz, mid-band and 2300 MHz bands, giving it the "most formidable" spectrum holding in the country, Airtel said in a statement.

All of the spectrum will enable Airtel to deliver 5G services in the future, it added.

"Airtel...has acquired 355.45 MHz spectrum across Sub GHz, mid-band and 2300 MHz bands for a total consideration of Rs 18,699 crore in the latest spectrum auction conducted by the Department of Telecom," the company said.

Airtel has now secured a pan-India footprint of Sub GHz spectrum that is expected to help it improve its deep indoor and in-building coverage in every urban town. Moreover, the spectrum will also help improve its coverage in villages, Airtel said in a statement.