Bharti Airtel is selling spectrum from its 800MHz band in Andhra Pradesh, Delhi and Mumbai to Reliance Jio, the telcos said on Tuesday in announcements to the press (1, 2). Through this agreement — the first of its kind —, Airtel will receive Rs 1037.6 crores from Jio for the proposed transfer, which will be subject to regulatory approvals. In addition, Jio will assume future liabilities of Rs 459 crores relating to the spectrum. "The trading agreement is in accordance with the Spectrum Trading Guidelines issued by the Department of Telecommunications," Jio said in its press release. "With this trading of right to use spectrum, RJIL will have 2X15MHz of spectrum in the 800MHz band in Mumbai circle and 2X10MHz of spectrum in the 800MHz band in Andhra Pradesh and Delhi circles, thereby further consolidating its spectrum footprint in these…
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