In one of the trading deal, Bharti has won over the acquisition to get rights to use Aircel’s Odisha belt/region thus providing 4G airwave in 7 circles out of 8 in the recently held spectrum trading deal. The deal has entered into a definite agreement, so as to acquire the 4G airwave in eight circles at Rs. 3,500 crores.

The acquisition includes the right to use band spectrum 20 MHz 2300 BWA from Aircel. In a BSE filing, Bharti Airtel informed that the proposed transaction has successfully taken over the Odisha circle followed by receiving necessary approvals hence satisfying all terms and conditions instructed in trading guidelines.

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READ: Airtel Tops The List in Providing Network Services

After this particular acquisition, Airtel has now completed full transaction of 7 circles which include Tamil Nadu, Jammu & Kashmir, Bihar, Assam, West Bengal, North East and now Odisha. The definitive agreement entered by Bharti Airtel and its subsidiary, Bharti Hexacom with Aircel and its subsidiary Dishnet Wireless and Aircel Cellular have been under proper norms of Merger & Acquisition (M&A) for an aggregate consideration.

The 3,500 crore INR deal will help Bharti Airtel to become a pan-India 4G operator in spectrum trading deal until September 20, 2030. The deal will ensure the renewability of 900 MHz spectrum in all existing 6 circles along with adding up extra 900 MHz spectrum in prime operating locations. Also, it has secured 20-year roadmap for providing its customers world class voice and data services across 2G, 3G and 4G, adding to its existing 1800 MHz and 2100 MHz spectrum holdings.

According to Gopal Vittal, MD & CEO, India and South Asia, Bharti Airtel,  “We have secured a 20-year roadmap and have a strong platform to lead the Digital India story. However, the auction design and the scarcity of spectrum have resulted in exorbitant bids to secure the spectrum, particularly in renewal circles, where huge investments have already been made on the assurance of a continuity of business enshrined in the licenses issued by the DoT. We hope that in future auctions, the Government will make available adequate spectrum by securing it from agencies and operators who are underutilizing this vital resource.”

The Company will be able to offer pan-India 4G services using a combination of FD-LTE technology in the 1800 MHz band and TD-LTE roll-out in the 2300 MHz band. It will also be able to offer 3G across all markets with the exception of Kerala using a combination of 900 MHz and 2100 MHz, reportedly stated on its official website.

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