In the last seven days some big launches by Oppo, Nokia, Realme, and more are being witnessed in terms of smartphones. And recently Bharti Airtel finalized a big deal for the first time.
Bharti Airtel sold 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz), and Mumbai (2.50 MHz) to Reliance Jio at INR 1037.6 crores. And the firm has signed a definitive trading deal to sell its 800 MHz with Reliance Jio Infocomm.
Money Airtel will get from the new deal
Reliance Jio will consider future liabilities of INR 459 crores relating to the spectrum stated by Airtel. And added- “Through this deal, Airtel will receive a consideration of INR 1037.6 crores.
The deal is quite significant because it reflects the willingness of the two of the largest telecom companies in India to work together. Instead of being at loggerheads for years. The duo has been locked in a bitter war ever since Reliance Jio came into function in the telecom industry.
In case you are wondering how this deal will impact Reliance’s Jio customers then you must know that it will help in improving network quality for Jio users in these stated circles.
Recent statement Jio stated that “the enhanced spectrum footprint, especially of continuous spectrum needed for quality 4G services and superior infrastructure, has further increased its network capacity”.
Also, Gopal Vittal MD (India and South Asia) for Bharti Airtel said in the statement- “the sale of the 800 megahertz blocks in these three circles has enabled us to unlock value from the spectrum that was unutilized”.
An Airtel official also passed comment and told media persons- “the primary reason for the sale of spectrum in the 800 megahertz band in the three circles was because it didn’t quite sit well with the telcos spectrum strategy”.
Lastly, as the Jio users were facing issues in network and connectivity, will now improve and get better results and a seamless experience. It will also benefit the company and make more potential use of the unutilized spectrum.
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