Bharti Airtel, India’s largest mobile operator by subscribers, is close to finalising a deal to buy 4G spectrum from smaller rival Aircel, the Economic Times reports. The transaction, which is valued at INR38 billion (USD557.5 million), is likely to comprise 2300MHz spectrum in eight service areas, where Airtel does not currently own any frequencies in that band. The deal is expected to be completed by the end of March, and will expand Airtel’s 4G spectrum holdings to a total of 18 regions.
As previously reported by TeleGeography’s CommsUpdate, in August 2015 Airtel acquired 100% of Augere Wireless Broadband, which owned 20MHz of 2300MHz spectrum in the Madhya Pradesh-Chhattisgarh region. The deal closed earlier this month.