Audio

Airtel, Jio tie up for a spectrum deal: Explained

BL Internet Desk | Updated on April 07, 2021

Reliance Jio Infocomm has entered into a ₹1,037.6-crore spectrum trade with Bharti Airtel.According to the agreement, Sunil Mittal-backed Bharti Airtel will transfer its 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz), and Mumbai (2.50 MHz) to RJio. In addition to the upfront payment of ₹1,037.6 crore, RJio will take over Airtel’s future spectrum liabilities of ₹459 crore.

Here's all you need to know.

Published on April 07, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.