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On Friday, Bharti Airtel has said that it will be acquiring Rs 3,500 crore for acquiring 4G spectrum in eight telecom circles from Aircel.
Airtel will be acquiring the rights of using 20 Mhz in 2,300 band spectrum in Tamil Nadu (including Chennai), Bihar, Jammu and Kashmir, West Bengal, Assam, the North-East, Andhra Pradesh and Odishatelecom circles.
According to the information provided by the company to stock exchange, “Bharti Airtel and its subsidiary Bharti Hexacom have entered into definitive agreements with Aircel Ltd and its subsidiaries Dishnet Wireless Ltd and Aircel Cellular Ltd to acquire rights to use 20 MHz of 2,300 Mhz band 4G spectrum for eight circles for an aggregate consideration of Rs. 3500 crore.”
