Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
General News Airtel strikes deals to use Aircel's spectrum in seven circles till 2030
#1
Advertisement
Bharti Airtel has acquired the rights to use Aircel’s Odisha circle, with which it completed rights to use 4G airwaves of Aircel in seven out of eight circles in the spectrum trading deal between the companies. “The acquisition of rights to use 20 MHz 2300 Band BWA spectrum from Aircel, Bharti Airtel has now informed BSE that the proposed transaction has been successfully concluded for Odisha circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the spectrum trading guidelines),” a regulatory filing by the company said on Thursday.

“With this, the company has completed the transaction in 7 out of 8 circles namely Tamil Nadu (including Chennai); Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Odisha,” the filing with the BSE said. Bharti Airtel announced on April 8 it has entered into a definitive agreement with Aircel to acquire its 4G airwaves in eight circles for Rs 3,500 crore through a spectrum trading deal.

“Bharti Airtel and its subsidiary, Bharti Hexacom have entered into a definitive agreements with Aircel and its subsidiaries Dishnet Wireless and Aircel Cellular to acquire rights to use 20 MHz of 2300 band 4G spectrum for eight circles for an aggregate consideration of Rs 3,500 crore,” the company earlier said in a statement. The eight circles are Tamil Nadu (including Chennai), Bihar, Jammu and Kashmir, West Bengal, Assam, North East, Andhra Pradesh and Odissa.

The spectrum is valid till September 20, 2030. With this acquisition, the company will become a pan India 4G operator, the statement added.

http://m.tech.firstpost.com/news-analysi...29596.html
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  General News: Airtel increases the price of Rs 199 postpaid plan to Rs 249 nairrk 0 98 01-12-2020, 06:32 PM
Last Post: nairrk
  General News: Airtel launches its 4G network in 26 villages in Ladakh nairrk 0 128 01-02-2020, 10:58 PM
Last Post: nairrk
  General News: Airtel Rs 279 and Rs 379 prepaid plans announced nairrk 0 107 01-02-2020, 02:42 PM
Last Post: nairrk
  General News: Bharti Airtel hikes minimum recharge for its prepaid users to Rs 45 nairrk 0 124 12-30-2019, 02:20 PM
Last Post: nairrk
  Update: Airtel reintroduces Rs 558 prepaid plan with reduced validity nairrk 0 106 12-27-2019, 11:49 AM
Last Post: nairrk
  General News: Airtel discontinues its 3G services in Madhya Pradesh and Chattisgarh nairrk 0 140 12-07-2019, 07:24 AM
Last Post: nairrk
  General News: Airtel Prepaid Packs Undergo Big Changes: Everything You Need to Know nairrk 0 143 12-03-2019, 12:25 PM
Last Post: nairrk
  General News: Reliance Jio Rs 149 revised prepaid plan: Comparison with Airtel and Vodafone plans nairrk 0 166 11-11-2019, 12:27 PM
Last Post: nairrk
  General News: Airtel to waive rental charges of select users in Jammu and Kashmir nairrk 0 127 10-16-2019, 09:38 AM
Last Post: nairrk
  General News: Airtel revises Rs 97 prepaid plan, now offers 500MB data for 14 days nairrk 0 157 09-27-2019, 09:21 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement