Bharti Airtel to acquire Videocon's 1,800 MHz spectrum for Rs 4,428 crore

India's biggest mobile phone operator, Bharti Airtel will acquire Videocon Telecom's 1,800 MHz spectrum for Rs 4,428 crore.

Last Updated: Mar 17, 2016, 11:35 AM IST
Bharti Airtel to acquire Videocon's 1,800 MHz spectrum for Rs 4,428 crore

Zee Media Bureau

New Delhi: India's biggest mobile phone operator, Bharti Airtel will acquire Videocon Telecom's 1,800 MHz spectrum for Rs 4,428 crore.

Earlier on Thursday, Idea Cellular Ltd , said it has called off its plan to buy telecom spectrum worth Rs 33.10 billion (USD 493 million) from smaller rival Videocon Telecommunications.

 

Idea, a unit of the Aditya Birla conglomerate, and nearly a fifth-owned by Malaysia`s Axiata , had ealier signed the deal last November to buy the radio airwaves in two service areas in the states of Gujarat and Uttar Pradesh for launching 4G services.