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Jio inks pact with Airtel to buy some spectrum in 800 MHz band; deal valued at Rs 1,497 cr

Rivals to partners: Airtel, RJio sign Rs 1.4K cr spectrum trading deal With this spectrum trading agreement, Airtel will receive a consideration of Rs 1,037.6 crore from Jio for the proposed transfer. Spectrum Auction: Jio, Airtel, Vodafone Idea apply Reliance Jio has signed an agreement with Bharti Airtel to acquire a portion of spectrum in 800 MHz band for Andhra Pradesh, Delhi and Mumbai circles at an aggregate value of Rs 1,497 crore marking the first such deal between the two telecom giants. With this spectrum trading agreement, Airtel will receive a consideration of Rs 1,037.6 crore from Jio for the proposed transfer.

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