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Reliance Jio, Airtel announce spectrum trading agreement | Business News – India TV

URL copied Airtel, Reliance Jio announce spectrum trading agreement Bharti Airtel has announced an agreement with Reliance Jio Infocomm to transfer the Right to Use of Airtel s 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to Jio. The agreement is subject to statutory approvals, Airtel said in a statement. Through this agreement, Airtel will receive a consideration of Rs 1,037.6 crore from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs 459 crore relating to the spectrum. Gopal Vittal, MD & CEO (India and South Asia), Bharti Airtel said: The sale of the 800 MHz blocks in these three circles has enabled us to unlock value from spectrum that was unutilised. This is aligned to our overall network strategy.

Gopal vittalBharti airtelJio infocommDepartment of telecommunicationsReliance jioImage sourceReliance jio infocommAndhra pradeshSouth asiaகோபால் விட்டல்பாரதி ஏர்டெல்ஜிோ இன்பொக்கோம்ம்துறை ஆஃப் தொலைத்தொடர்புநம்பகத்தன்மை ஜிோபடம் மூலநம்பகத்தன்மை ஜிோ இன்பொக்கோம்ம்

Airtel-RJio deal a win-win for both: Analysts - The Hindu BusinessLine

Mumbai, April 7 Bharti Airtel entering into a ₹1,037.6-crore spectrum trading agreement with Reliance Jio Infocomm (RJio) will be mutually beneficial to both the companies, even as it suggests a moderation in competitive dynamics of the telecom sector. On Tuesday, Bharti Airtel entered into a spectrum trading agreement with RJio, under which it agreed to transfer the airwaves across three circles. “We note that Airtel had got the above spectrum in 800 MHz band from the Tata Teleservice acquisition (in 2019) and these spectrum bands were largely unused as the company had an existing 900 MHz network in Andhra Pradesh, New Delhi and Mumbai service areas. Hence by selling the spectrum to Jio, Airtel is able to monetise the unused spectrum assets,” according to a report by Credit Suisse.

New delhiBharti airtelTata teleserviceJio infocomm rjioAirtel rjioMorgan stanleyCredit suisseReliance jio infocommAndhra pradeshபுதியது டெல்ஹிபாரதி ஏர்டெல்மோர்கன் ஸ்டான்லிகடன் ஸ்யூயிநம்பகத்தன்மை ஜிோ இன்பொக்கோம்ம்ஆந்திரா பிரதேஷ்

Bharti Airtel, RIL up 3% each on signing spectrum transfer deal

Bharti Airtel, RIL up 3% each on signing spectrum transfer deal
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Gopal vittalBharti airtelJio platforms ltdReliance industriesReliance jio infocommReliance jioAndhra pradeshSouth asiaகோபால் விட்டல்பாரதி ஏர்டெல்ஜிோ தளங்கள் லிமிடெட்நம்பகத்தன்மை தொழில்கள்நம்பகத்தன்மை ஜிோ இன்பொக்கோம்ம்நம்பகத்தன்மை ஜிோஆந்திரா பிரதேஷ்தெற்கு ஆசியா

Bharti Airtel, Reliance Jio Infocomm announce spectrum-trading agreement

Bharti Airtel, Reliance Jio Infocomm announce spectrum-trading agreement Bharti Airtel on Tuesday announced an agreement with Reliance Jio Infocomm to transfer the ‘Right to Use’ of Airtel’s 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to Jio. The agreement is subject to statutory approvals, Airtel said in a statement. | 7 April 2021 5:15 AM GMT NEW DELHI: Bharti Airtel on Tuesday announced an agreement with Reliance Jio Infocomm to transfer the Right to Use of Airtel s 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to Jio. The agreement is subject to statutory approvals, Airtel said in a statement.

Gopal vittalNaba kumar saraniaBharti airtelJio infocommDepartment of telecommunicationsReliance jio infocommAndhra pradeshSouth asiaReliance jioLok sabhaKumar sarania castsகோபால் விட்டல்நாபா குமார் சாரணீயபாரதி ஏர்டெல்ஜிோ இன்பொக்கோம்ம்துறை ஆஃப் தொலைத்தொடர்பு

Stocks to watch: Barbeque Nation, RIL, Airtel, Tata Steel, Inox Leisure

Stocks to watch: Barbeque Nation, RIL, Airtel, Tata Steel, Inox Leisure
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

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