Airtel buys Aircel’s 4G spectrum in AP

Bharti Airtel said that it has completed the acquisition of Maxis-controlled Aircel’s 4G airwaves in Andhra Pradesh. With this, the company has completed the deal of acquiring 4G airwaves in the 2300 Mhz band from Aircel in Tamil Nadu (including Chennai), Bihar, Jammu & Kashmir, West Bengal, Assam, North East, Odisha and Andhra Pradesh for an amount of Rs 3,500 crore.

Ahead of the launch of 4G services by Mukesh Ambani’s Reliance Jio, Airtel has been aggressively increasing its spectrum portfolio to become a pan-India data player. In March, Bharti Airtel announced a deal to buy the entire spectrum of Videocon Telecommunications in the 1,800-MHz band for Rs 4,428 crore. After this deal, Bharti’s spectrum holdings will reach 770 MHz, against Reliance Jio’s 640 MHz, according to industry estimates. Airtel has 18 % of the total airwaves available in the country.

The company informed BSE,“With reference to the earlier letter dated April 08, 2016, July 10, 2016 and August 11, 2016 with respect to the acquisition of rights to use 20 MHz of spectrum in 2300 Band (BWA) from Aircel, Bharti Airtel Ltd has now informed BSE that the proposed transaction has been successfully concluded for Andhra Pradesh circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines).

With this, the company has completed the transaction in all 8 circles namely Tamil Nadu (including Chennai); Bihar, Jammu & Kashmir, West Bengal, Assam, North East, Odisha and Andhra Pradesh.

This post was last modified on %s = human-readable time difference 11:10 am

Share
Leave a Comment

Recent Posts

What Are The New Releases on OTT Today? Here’s What to Add to Your Watchlist

A slew of fresh and exciting OTT releases are dropping today, promising a binge-worthy lineup…

11 hours ago

Hot & Hearty: The best soups in Visakhapatnam that complements this weather!

With the weather taking a turn these past couple of days, it’s like Visakhapatnam has…

12 hours ago

Plan a trip from Vizag to these 5 skiing destinations in India this winter

Dreaming of swishing down powdery white slopes with crisp mountain air in your lungs? While…

12 hours ago

Bigg Boss 8 Telugu: Voting polls drastically change, THIS celeb is in danger!

Based on the unofficial voting polls, two contestants are leading— Yashmi and Prerana. In many…

14 hours ago

Kings to revolutionaries: 7 period Telugu films on OTT that deserve all the love!

Movies have been a powerful medium of expressing the complicated and important events of history.…

15 hours ago

We aim at generating five lakh IT jobs in five years: Lokesh

Andhra Pradesh State IT and HRD Minister Nara Lokesh has said the government aims to…

18 hours ago