Bharti Airtel has said that it has completed the Rs.4,428 crore deal with Videocon Telecommunications Ltd (VTL) to acquire the latter´s spectrum in six circles. In March, Bharti Airtel and VTL had entered into a definitive agreement, wherein, Airtel proposed to acquire the rights to use 2X5 MHz spectrum in the 1800 MHz band allotted to VTL for an aggregate consideration of Rs.4,428 crore. These six circles include Bihar, Gujarat, Haryana, MP, UP (East) and UP (West), Bharti Airtel said.
FlashNews:
PM Surya Ghar Rooftop Solar Scheme Crosses 1.95 Million Installations, Delivers 770,000 Zero Bills
Waaree Gets ALMM-II Nod for 5.25 GW Solar Cells
Inox Wind Secures Repeat 100 MW Order from Jakson Green
SITA Strengthens India’s Digital Aviation Infrastructure as Passenger Growth Accelerates
India moved from power scarcity to sustainability, says Piyush Goyal
GM Rao Urges Andhra University Alumni to Drive Innovation, Entrepreneurship and India Growth Story
India Begins Hydrogen Car Trials as Minister Joshi Drives Toyota Mirai to Parliament
MNRE Refutes Financing Pause; Calls for Expansion into Upstream Solar Manufacturing
IndiGrid to Acquire Gadag Transmission for ₹3.72 Billion
India Launches First All‑Electric Tug at Deendayal Port, Accelerates Green Maritime Shift
Bharatmala Pariyojana Executes 61% of Phase‑I Highway Targets, Boosts Freight Speed and Connectivity
Waaree Tops India’s Solar Module Shipments in Q3 2025, Reinforces Global Competitiveness
AISATS Expands Nationwide, Launches Ground Handling at Cochin Airport with Future‑Ready Tech
TIL Bags ₹2 Billion Orders Across Defence and Logistics, Validates Dual-Sector Strategy
Indian Railways to Roll Out OTP‑Based Tatkal Window Tickets Nationwide to Curb Misuse
Sanchar Saathi Row: Scindia Defends App as Voluntary, Transparent and Consumer‑Protective Amid Privacy Debate
REIAs Issue 67.5 GW Renewable Energy LoAs Since April 2023 with Zero Cancellations: Joshi
Rail Freight Rises 4.2% in November as Steel, Iron Ore and Fertiliser Volumes Surge
NHAI Partners Reliance Jio to Launch Telecom‑Based Safety Alerts on National Highways
Home » Airtel completes Rs.4,428 cr deal with Videocon Telecom
Airtel completes Rs.4,428 cr deal with Videocon Telecom
Infrastructure Finance
June 1, 2016June 1, 2016
Leave a Reply
You must be logged in to post a comment.