Synopsis The deal shows that after years of intense, bitter rivalry, the top two telcos can still put their differences aside for a common purpose. The pacts highlights that Jio and Airtel can work together for a mutually beneficial cause, Credit Suisse said. Airtel will get Rs 1,040 crore in cash. Besides, its spectrum liability will go down. Reliance Jio, the leading power in Indian telecom, has bought the right to use 800 MHz spectrum from its arch-rival Airtel. This is the first such spectrum trade between the two sworn rivals. Here's the fine print of the deal and how it will boost business for Jio and Airtel.