India’s Bharti Airtel has entered into a definitive agreement with Videocon Telecommunications to acquire rights to use 2×5MHz of LTE-suitable spectrum in the 1800MHz band in six circles for INR44.3 billion (USD662 million). According to a press release published on the Bombay Stock Exchange (BSE), Airtel will be authorised to use Videocon’s spectrum in Bihar, Haryana, Madhya Pradesh, Uttar Pradesh East, Uttar Pradesh West and Gujarat until 18 December 2032. If the deal is approved by the Department of Telecommunications (DoT), it would increase Airtel’s 4G footprint to 19 circles.
The development comes hot on the heels of the announcement that Airtel’s domestic rival Idea Cellular has terminated a spectrum deal with Videocon, under which it was set to acquire Videocon’s spectrum in the aforementioned band in two circles (Gujarat and Uttar Pradesh West) for INR33.1 billion. As previously reported by TeleGeography’s CommsUpdate, the two sides inked the spectrum deal in November 2015.