Bharti Airtel has entered into an agreement with Reliance Jio Infocomm to transfer ‘Right to Use’ for some of its 800 MHz spectrum in three circles to the Mukesh Ambani-led firm. Following this agreement, Bharti Airtel will receive a consideration of ₹1,037.6 crores from Reliance Jio for the proposed transfer. In addition, Reliance Jio will assume future liabilities of ₹459 crores relating to the spectrum.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
As per the agreement, which is subject to statutory approvals, Reliance Jio will acquire the right to use spectrum in the 800MHz band in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) circles through spectrum trading.
Important takeaways for all competitive exams:
Every year, 28th July observed as the World Nature Conservation Day is celebrated to raise…
Every year, July 28 is celebrated as World Hepatitis Day for the purpose of raising…
In the women's 25m pistol category at the ISSF World Cup 2026 in Hangzhou, China,…
Gyaneshwari Yadav has won the silver medal in the 53kg women's division at Glasgow, where…
Ajaya Babu won the silver medal in the men's 79kg category after a spectacular performance…
Sarvesh Anil Kushare won silver in the men's high jump in Glasgow. The Indian national…