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Airtel to buy 4G spectrum from Aircel in eight circles for Rs 3,500 crore

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Sanjeeb Kumar Sahoo
New Update
Rajasthan

NEW DELHI: India’s top telecom service provider Bharti Airtel has said that it has agreed to buy right to use Aircel India’s spectrum in eight circles for Rs 3500 crore. Aircel's 4G airwaves in the 2300 Mhz band are valid till September 20, 2030.

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“Bharti Airtel and its subsidiary Bharti Hexacom today entered into a definitive agreements with Aircel Ltd and its subsidiaries Dishnet Wireless and Aircel Cellular Ltd to acquire rights to use 20 MHz 2300 Band 4G TD spectrum for eight circles namely Tamil Nadu (including Chennai), Bihar, Jammu and Kashmir, West Bengal, Odisha, Assam, Andhra Pradesh, North East at an aggregate consideration of Rs 3500 crore," Airtel said in a statement.

"The closing of the transaction "is subject to satisfaction of the standard conditions (including conditions stated in the spectrum trading guidelines), as are normal to such transactions," it said.

"The spectrum was allocated to Aircel and Dishnet Wireless by government of India on September 2010 and is valid up to September 20, 2030,"the operator said.

"The transfer of the right to use Andhra Pradesh and Odisha circle is subject to the revision of spectrum caps with the upcoming auction to be conducted by DoT," it said.

With Aircel acquisition, Bharti Airtel will become a pan India 4G operator.

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