Reliance Jio agrees to use 800MHz band with Airtel in 3 circles

More From Author

See more articles

Chainsaw Man Season 2: Everything We Know – Release...

Chainsaw Man Season 2 Everything We Know: The anime world exploded when Chainsaw Man debuted in 2022,...

Microsoft Unveils Xbox Handheld Gaming Revolution: ROG Xbox Ally...

Microsoft finally pulled back the curtain on its long-awaited handheld gaming strategy during the Xbox Games Showcase...

SBI Saral Banking: Complete Guide to Features, Benefits &...

SBI Saral Banking is State Bank of India's simplified corporate internet banking solution designed specifically for small...

JIO ENHANCES SPECTRUM FOOTPRINT IN 800 MHZ BAND TO 2X15MHz IN MUMBAI CIRCLE AND 2X10MHz IN ANDHRA PRADESH AND DELHI CIRCLES

Mumbai, April 6, 2021: Reliance Jio Infocomm Ltd (“RJIL”) announced today that it has entered into a definitive Agreement with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading. Circle wise details of the traded spectrum is provided below:

Circle800 MHz band (FDD)
Andhra Pradesh3.75
Delhi1.25
Mumbai2.50
Total7.50

The trading agreement is in accordance with the Spectrum Trading Guidelines issued by the Department of Telecommunications and is subject to the requisite regulatory and statutory approvals. The aggregate value for the right to use this spectrum is ` 1,497 crores, inclusive of present value of associated deferred payment liability of ` 459 crores, subject to any transaction related adjustments.

With this trading of right to use spectrum, RJIL will have 2X15MHz of spectrum in the 800MHz band in Mumbai circle and 2X10MHz of spectrum in the 800MHz band in Andhra Pradesh and Delhi circles, thereby further consolidating its spectrum footprint in these circles. With the enhanced spectrum footprint, especially contiguous spectrum, and superior infrastructure deployed, RJIL has further increased its network capacity.

The transaction is subject to the requisite regulatory and statutory approvals.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

━ Related News

Featured

━ Latest News

Featured