bharti airtel and its subsidiary bharti hexacom have entered into definitive agreements to acquire the rights to 400 mhz spectrum from adani data networks
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BHARTI AIRTEL AND ITS SUBSIDIARY, BHARTI HEXACOM LTD HAVE ENTERED INTO DEFINITIVE AGREEMENTS TO ACQUIRE THE RIGHTS TO 400 MHZ SPECTRUM FROM ADANI DATA NETWORKS
News: Bharti Airtel and its subsidiary, Bharti Hexacom Ltd have entered into definitive agreements to acquire the rights to 400 MHz spectrum from Adani Data Networks, a subsidiary of Adani Enterprise. This includes 100 GHz in Gujarat and Mumbai and 50 MHz in Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu. The spectrum is likely to be used for 5G capacity addition in the above mentioned circles by Airtel
View: We highlight that Adani Enterprise bought the 400 MHz spectrum in the 26 GHz band in August 2022 at the cost of ₹ 212 crores. The deal valuations are not disclosed but we believe, it would be closer to the cost.
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