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Bharti Airtel sells spectrum worth Rs 1,497 crore to Reliance Jio

Jio will acquire 3.75 MHz in Andhra Pradesh, 1.25 MHz in Delhi, and 2.5 MHz in Mumbai

Topics
Bharti Airtel | Reliance Jio | Telecom spectrum

Megha Manchanda  |  New Delhi 



Telecom sector
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 related to spectrum

Infocomm (Jio) on Tuesday said it had signed a definitive agreement with to acquire the right to use spectrum in the 800-megahertz (MHz) band in Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading.

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First Published: Wed, April 07 2021. 01:57 IST

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