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.

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Published on April 07, 2021

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