Bharti Airtel has acquired rights to use 4G airwaves of Aircel in seven out of eight telecom circles under their Rs 3,500-crore spectrum trading deal.
“With respect to the acquisition of rights to use 20 Mhz 2300 band BWA spectrum from Aircel, Bharti Airtel ltd has now informed BSE that the proposed transaction has been successfully concluded for Orissa circle following the receipt of all necessary approvals and satisfying all the conditions,” the company said in a regulatory filing.
Airtel has entered into the `3,500-crore deal with Aircel to acquire rights to use the latter's 4G spectrum in eight telecom circles Tamil Nadu (including Chennai), Bihar, J & K, WB, Assam, North East, Orissa and and Andhra.