Bharti Airtel completes spectrum deal with Aircel in Odisha circle

Bharti Airtel, India’s leading telecom carrier by users said that it completed the acquisition of Aircel’s 4G airwaves in the Orissa circle. Airtel has now completed transaction in seven out of eight circles, including Tamil Nadu (including Chennai), Bihar, Jammu & Kashmir, West Bengal, Assam, North East and Odisha.

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The spectrum trading deal related to the Andhra Pradesh circle is yet to complete. Airtel, in a regulatory filing, said, “The proposed transaction has been successfully concluded for the Odisha circle following the receipt of all necessary approvals and satisfying all the conditions (including conditions stated in the Spectrum Trading Guidelines).

Reports said that Airtel had to surrender 1.2 MHz spectrum, worth around Rs 38 crore, in the Odisha circle for approval as it breached the spectrum limit after taking into account Aircel’s spectrum. Airtel, in April this year, entered into an agreement with Aircel to acquire rights to use 4G spectrum of Aircel in eight telecom circles for Rs 3,500 crore through a trading deal. The 4G spectrum is valid till September 20, 2030.

The Aircel deal would make Airtel a pan-India 4G player right ahead of Mukesh Ambani controlled Reliance Jio’s launch, which is likely soon. For Aircel, the deal would help it pare its debt and fulfil one of the conditions for its merger with Reliance Communications. Reports suggest that Aircel needed to reduce close to Rs 4,000 crore of its Rs 18,000-crore debt.

Aircel is currently in advanced talks with Anil Ambani-owned RCom for a merger of their wireless operations to create a separate wireless entity. RCom, on the other hand, is in process of completing its merger with Sistema Shyam Teleservices Limited.

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5 Comments on "Bharti Airtel completes spectrum deal with Aircel in Odisha circle"

 

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umeshgaya
August 16, 2016 9:04 am 9:04 AM
Dir all hello Jio not said launching date mins = Chinese scrape of Mobile sale in india . Jab tak kachra saf nhi hoga tab tak ye sabko lyf ka kharidna padega Yad hoga apko jab dhiru bhaiambani pioneer offer aya tha to ujla wala kachra Mobile logo ko khub rokata tha jo iske cdma networks par chalta tha or all india free incoming or dusre city me jate hi ek nya number dete the .logo ne khub kharida us time bhi sarkar ko khub luta . Hangama hua tab cdma Ruim base service dena pada . Us samay bhi… Read more »
Narendra
August 12, 2016 12:03 pm 12:03 PM

WHAT ABOUT RELIANCE GSM -AIRCEL MERGER ??????

geek
August 30, 2016 2:42 pm 2:42 PM

on cards.

Rajat
August 12, 2016 11:37 am 11:37 AM
Quality network & affordable tariff will take a network to position one now a days. It’s not old days where Airtel can charge whatever they think. Let’s see if Airtel can survive to be no.1 again or it will go to no.2 position when Jio will take away no.1 position from Airtel. Airtel can survive on these conditions:- 1. Airtel should make their 4G data tariff cheaper than Jio 4G. Not their current data tariff which is not at all affordable. 2. Make stronger 4G network than Jio. Add more fiber network. 3. Improve tower quality. Their tower have lots… Read more »
geek
August 30, 2016 2:42 pm 2:42 PM

everyone is hoping and praying the JIO strike a mortal blow to AIRTEL !

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