wordpress blog stats
Connect with us

Hi, what are you looking for?

Bharti Airtel completes acquisition of Tikona’s 4G spectrum

Bharti Airtel has completed its acquisition of Tikona Digital Networks as a first step towards the merger deal, the company said in its regulatory filings. “With the said acquisition of shares, Tikona Digital Networks Limited has become a wholly owned subsidiary of Bharti Airtel,” the company added. However, the transaction involving trading of spectrum in Rajasthan circle is yet to be approved by the DoT. In March, Airtel confirmed the spectrum acquisition deal and said that the deal is subject to regulatory, shareholders and other customary approvals. A Mint report at that time pegged the size of the deal at Rs 800-1000 crore. Note that Airtel’s acquisition of Tikona is mainly for stacking up its spectrum portfolio. Tikona had won 20 MHz of the 2300 MHz band (used for 4G) in 5 service areas including Gujarat, Uttar Pradesh (East), Uttar Pradesh (West), Rajasthan and Himachal Pradesh during 2010 broadband spectrum auctions. Airtel does not have 4G spectrum in UP circles (East and West), and the deal will primarily help Airtel to strengthen its 4G portfolio in these circles. Airtel has been on an acquisition spree after the entry of Reliance Jio which has 4G spectrum in all 22 circles. Apart from Tikona acquisition, Airtel is also acquiring its rival operator Telenor’s India’s assets, licenses, 43.4 MHz of spectrum in the 1800 MHz band, customer base of around 40 million and Telenor’s active operations in 7 circles. The deal was signed in February this year; an ET Now report pegged the size of the deal at…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ