Total - 7.50
The trading agreement is in accordance with the Spectrum Trading Guidelines issued by
the Department of Telecommunications and is subject to the requisite regulatory and
statutory approvals. The aggregate value for the right to use this spectrum is Rs. 1,497
crores, inclusive of present value of associated deferred payment liablity of Rs. 459
crores, subject to any transaction related adjustments.
With this trading of right to use spectrum, RJIL will have 2X15MHz of spectrum in the
800MHz band in Mumbai circle and 2X10MHz of spectrum in the 800MHz band in Andhra
Pradesh and Delhi circles, thereby further consolidating its spectrum footprint in these
Reliance Jio on Tuesday announced the acquisition of 800MHz spectrum band rights in the Andhra Pradesh, Delhi, and Mumbai circles. The deal will help Jio enhance its network capacity and bolster its footprint in the telecom sector.
Reliance Jio Infocomm Ltd signs spectrum trading agreement with Bharti Airtel Ltd
Posted On: 2021-04-06 04:08:21 (Time Zone: Arizona, USA)
Reliance Jio Infocomm Ltd ( RJIL ) announced today that it has entered into a definitive Agreement with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading.
The trading agreement is in accordance with the Spectrum Trading Guidelines issued by the Department of Telecommunications and is subject to the requisite regulatory and statutory approvals. The aggregate value for the right to use this spectrum is Rs. 1,497 crores, inclusive of present value of associated deferred payment liablity of Rs. 459 crores, subject to any transaction related adjustments.
As per the agreement, which is subject to statutory approvals, Reliance Jio will acquire right to use spectrum in the 800MHz band in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) circles through spectrum trading
Reliance Jio acquires spectrum in 800 MHz band from Airtel in 3 circles businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.