Friday, April 8, 2016

#Airtel4GDrive @airtelindia to buy @Aircel 's 4G spectrum in 8 circles for Rs.3,500 crore

Bharti Airtel Ltd subsidiary Bharti Hexacom Ltd has entered into a definitive agreement with Aircel Ltd and its subsidiaries Dishnet Wireless Ltd and Aircel Cellular Ltd to acquire rights to use 20 megahertz (MHz) 2300 band 4G TD spectrum in the eight circles.These circles are Tamil Nadu (including Chennai), Bihar, Jammu and Kashmir, West Bengal, Assam, the North-East, Andhra Pradesh and Orissa.Last month, Bharti Airtel agreed to buy rival Videocon Telecommunications Ltd’s entire spectrum for Rs.4,428 crore.