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Bharti Airtel concludes spectrum trading agreement with Jio; stock up 2.5%

Airtel has received Rs 1,004.8 crore (net of tax) from Jio for the proposed transfer.

For retail customers, the prices of Airtel's postpaid plans start at Rs 399 per month, while for corporate customers it is Rs 299. The earlier postpaid corporate plans started at Rs 199, which has been  revised to Rs 299
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For retail customers, the prices of Airtel’s postpaid plans start at Rs 399 per month, while for corporate customers it is Rs 299. The earlier postpaid corporate plans started at Rs 199, which has been revised to Rs 299

Deepak Korgaonkar Mumbai
Shares of Bharti Airtel hit a new record high of Rs 638.60, up 2.5 per cent on the BSE in the intra-day trade on Friday, after the company announced the closure of its agreement with Reliance Jio Infocomm to transfer the 'Right to Use' of Airtel's 800 MHz spectrum in three circles to Jio. The stock surpassed its previous high of Rs 629.15, touched on Thursday, August 12, 2021 in the intra-day trade.

Bharti Airtel in a statement said the company has received Rs 1,004.8 crore (net of tax) from Jio for the proposed transfer. In addition, Jio will