IT News in India
07/04/2021 Other Services
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IT News in India Reliance Jio Infocomm (“RJIL”) announced that it has entered into a definitive agreement with Bharti Airtel for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading. Circle wise details of the traded spectrum is provided below. The trading agreement is in accordance with the Spectrum Trading Guidelines issued by the Department of Telecommunications and is subject to the requisite regulatory and statutory approvals. The aggregate value for the right to use this spectrum is ` 1,497 crores, inclusive of present value of associated deferred payment liability of ` 459 crores, subject to any transaction related adjustments. Visit on varindia site to know more https://www.varindia.com/
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