Bharti Airtel completes spectrum deal with Aircel in Odisha circle

By August 12th, 2016 AT 11:12 AM

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.

tower-india-5G

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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geekumeshgayaNarendraRajat Recent comment authors
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umeshgaya
umeshgaya

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
Narendra

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

geek
geek

on cards.

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