Bharti Airtel to Acquire Videocon's Spectrum

Bharti Airtel on Thursday said that it will acquire Videocon Telecom's spectrum in six circles for Rs 4,428 crore through a bandwidth trading deal. 

Bharti Airtel has entered into a definitive agreement with Videocon Telecommunications Limited to acquire, at an aggregate consideration of Rs 4,428 crore rights to use 2 x 5 MHz spectrum in the 1800 MHz Band. Bharti will acquire rights to use Videocon's spectrum in Bihar, Haryana, Madhya Pradesh, UP (East), UP (West) and Gujarat.