NEW DELHI: Bharti Airtel on Friday introduced the closure of its settlement with Reliance Jio Infocomm to switch the ‘Proper to Use’ of Airtel’s 800 MHz spectrum in three circles to Jio.
Airtel stated it has acquired Rs 1,004.8 crore (web of tax) from Jio for the proposed switch.
In addition to this, Jio will assume future liabilities of Rs 469.3 crore regarding the spectrum, the assertion added.
Bharti Airtel’s take care of Reliance Jio Infocomm entails the switch of the `Proper to Use’ of Airtel’s 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz), and Mumbai (2.50 MHz) circles to Jio, the businesses had stated earlier this 12 months.
Airtel stated it has acquired Rs 1,004.8 crore (web of tax) from Jio for the proposed switch.
In addition to this, Jio will assume future liabilities of Rs 469.3 crore regarding the spectrum, the assertion added.
Bharti Airtel’s take care of Reliance Jio Infocomm entails the switch of the `Proper to Use’ of Airtel’s 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz), and Mumbai (2.50 MHz) circles to Jio, the businesses had stated earlier this 12 months.