Airtel buys Aircel's 4G spectrum in Andhra Pradesh

NEW DELHI: 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 all eight circles – Tamil Nadu (including Chennai), Bihar, Jammu & Kashmir, West Bengal, Assam, North East, Odisha and Andhra Pradesh.

"With reference to the earlier letter dated April 08, 2016, July 10, 2016 and August 11, 2016 w.r.t. 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)," the company informed BSE.

"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," it siad.