Friday, April 8, 2016
India’s largest telecom service provider Bharti Airtel said on Friday that it will acquire 20 Mhz spectrum in 2300 band in eight circles form Aircel for Rs.3,500 crore.
Airtel will now become pan-India 4G operator and better prepared to counter Reliance Jio that is expected to start its services this year. Airtel had announced Rs.4,428 crore deal to buy Videocon Telecom’s spectrum in six regions to expand its footprint in 4G. The acquisition of Videocon spectrum had given Airtel the ability to offer 4G services in 19 of 22 circles.
Bharati Airtel will acquire spectrum of radio waves from Aircel in 2,300 MHz band in Tamil Nadu, Bihar, West Bengal, Jammu and Kashmir, Assam, North East, Andhra Pradesh and Odisha. Aircel had won the spectrum in a government auction and is entitled to hold it till September 20, 2030.