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Bharti Airtel, Jio conclude spectrum trading agreement

13 Aug 2021 Evaluate

Bharti Airtel (Airtel) has declared the closure of its agreement with Reliance Jio Infocomm (Jio) to transfer the ‘Right to Use’ of Airtel’s 800 MHz spectrum in three circles to Jio.

Airtel has received Rs. 1004.8 crore (net of tax) from Jio for the proposed transfer. In addition, Jio will assume future liabilities of Rs. 469.3 crore relating to the spectrum.

Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.

Peers
Company Name CMP
Bharti Airtel 1811.00
Vodafone Idea 14.22
Indus Towers 380.85
Tata Communications 1689.70
Railtel Corp. India 262.40
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