This acquisition will give Airtel hold of additional 20 Mhz broadband wireless spectrum which Augere acquired for Rs 124.66 crore.
Telecom arm of RIL, Reliance Jio Infocomm has signed a pact with Chinese firm Huawei for sourcing various 4G devices. RJio plans to launch 4G service this year in around 5,000 towns and cities, accounting for over 90 percent of urban India and over 215,000 villages.
BSNL is returning part of the spectrum and will get Rs 6,724.51 crore as refund while MTNL, which operates services in Mumbai and Delhi, will receive Rs 4,533.97 crore.
BSNL, the public sector telco, has dusted up a revival plan, but a lot depends on whether the government pays its dues and allows it to sell land