Spectrum Sharing India

Airtel to Acquire Videocon Spectrum in 6 Circles

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Bharti Airtel, India’s leading telecom service provider is likely to acquire spectrum form Videocon Telecom for INR 44.28 bn. Bharti will acquire rights to use Videocon’s spectrum in Bihar, Haryana, Madhya Pradesh, UP (East), UP (West) and Gujarat.

“Bharti Airtel has entered into a definitive agreement with Videocon Telecommunications Limited to acquire, at an aggregate consideration of Rs. 44,280 million, rights to use 2 x 5 MHz spectrum in the 1800 MHz Band,” Spoke person from Airtel said. “The closing of the transaction is subject to satisfaction of the standard conditions, including conditions stated in the Spectrum Trading Guidelines,” he added. Read more

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Sweekar S

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