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Bharti Airtel, units to buy 4G airwaves from Aircel

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Bharti Airtel, units to buy 4G airwaves from Aircel

India's BhartiAirtel Ltd. and its unit Bharti Hexacom struck deals with Aircel Ltd.and its subsidiaries Dishnet Wireless Ltd. and Aircel Cellular Ltd. to buy 4G airwavesin eight circles for 35 billion Indian rupees, ETTelecom.com, an initiative of The Economic Times (India), reported April8, citing an official statement.

As part of a bandwidth trading arrangement, Bharti Airtel andits subsidiary Bharti Hexacom will have rights to use 20 MHz of 2,300 Band 4G spectrumfor eight circles. The eight circles are Tamil Nadu, including Chennai, Bihar, Jammu& Kashmir, West Bengal, Assam, North East, Andhra Pradesh and Orissa.

The closing of the transaction is subject to satisfaction ofthe standard conditions.

In March, Bharti Airtel announced plans to acquire rights to Videocon Telecommunications Ltd.'sspectrum in six circles for 44.28 billion rupees.

As of April 7, US$1 wasequivalent to 66.66 Indian rupees.