Search

Bharti Airtel acquired Videocon's spectrum in 6 circles for 4428 crore rupees

The deal gives Bharti Airtel the rights to use 2x5MHz spectrum in the 1800 megahertz (MHz) band in six licence areas.

Mar 18, 2016 09:02 IST
facebook IconTwitter IconWhatsapp Icon

Bharti Airtel Ltd., India’s largest mobile phone operator, on 17 March 2016 announced the acquisition of Videocon Telecommunications Ltd’s entire spectrum for 4428 crore rupees.

It is the second such acquisition in India’s fragmented telecom sector after the Union Government allowed trading of airwaves in October 2015.

The deal gives Bharti Airtel the rights to use 2x5MHz spectrum in the 1800 megahertz (MHz) band in six licence areas, which are Bihar, Haryana, Madhya Pradesh, eastern Uttar Pradesh, western Uttar Pradesh and Gujarat.

After the deal, Bharti Airtel’s 4G coverage will go up to 19 circles from the current 15.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Download our Current Affairs & GK app For exam preparation

डाउनलोड करें करेंट अफेयर्स ऐप एग्जाम की तैयारी के लिए

AndroidIOS