Bharti Airtel Ltd.

Bharti Airtel has entered into a definitive agreement with Tikona Digital Networks (Tikona) to acquire Tikona’s 4G Business including the Broadband Wireless Access (BWA) spectrum and 350 sites, in five telecom circles. The acquisition is subject to requisite regulatory approvals.

Tikona currently has 20 MHz spectrum in the 2300 MHz band in Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh circles. Airtel plans to roll-out high speed 4G services on the newly acquired spectrum in the five circles immediately after the closure of the transaction.

As per the agreement, the acquisition of the 4G business in Gujarat, UP (East), UP (West) and Himachal Pradesh will be undertaken by Airtel, while in the Rajasthan circle, it will be accomplished through Airtel’s subsidiary Bharti Hexacom. Post-acquisition, the combined spectrum holding of Airtel in these five circles will be within the spectrum caps prescribed by the Government.