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Mobile Subscribers Yearwise comparision

Bharti Airtel confirms acquisition of Tikona’s 4G spectrum

March 24, 2017

Bharti Airtel has entered into a definitive agreement with Tikona Digital Networks to acquire its 4G business including the company’s broadband wireless access (BWA) spectrum and 350 telecom tower sites in five telecom circles. The deal is reportedly valued at Rs 16 billion.

Tikona currently has 20 MHz spectrum in the 2300 MHz band in Gujarat, Uttar Pradesh (East), Uttar Pradesh (West), Rajasthan and Himachal Pradesh circles. As per the agreement, the acquisition of Tikona’s 4G business in Gujarat, Uttar Pradesh (East), Uttar Pradesh (West) and Himachal Pradesh will be undertaken by Airtel, while in the Rajasthan circle, it will be accomplished by Airtel’s subsidiary, Bharti Hexacom Limited. The proposed acquisition would enable Airtel to fill BWA spectrum gaps in the 2300 MHz band in Rajasthan, Uttar Pradesh (East) and Uttar Pradesh (West) circles, thereby enabling it to secure a pan India footprint in the 2300 MHz band.

However, the acquisition is still subject to requisite regulatory approvals. Airtel plans to roll-out its 4G services using the newly acquired spectrum in the five circles after the closure of the transaction.

 
 

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