Bharti Airtel to acquire 400 MHz spectrum in 26 GHz band from THIS Adani group company | Stock Market News
Source: Live Mint
Bharti Airtel, India’s second-largest telecom provider, informed investors through an exchange filing on April 22 that it, along with its subsidiary Bharti Hexacom Limited, has entered into definitive agreements with Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises, to acquire the rights to use 400 MHz of spectrum in the 26 GHz band.
The spectrum will be utilized across several key regions in India, including Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu, with the allocation being 100 MHz for Gujarat, 100 MHz for Mumbai, 50 MHz for Andhra Pradesh, 50 MHz for Rajasthan, 50 MHz for Karnataka, and 50 MHz for Tamil Nadu.
This acquisition is a strategic move for Bharti Airtel, enabling the company to expand its capacity and enhance its network offerings in these critical areas. The 26 GHz band, a part of the millimetre-wave spectrum, is pivotal for high-speed data transmission, especially for the growing demand for 5G services.
Adani Data Networks Ltd (ADNL) secured the rights to use 400 MHz of spectrum in the 26 GHz millimetre wave band during India’s first 5G spectrum auction, which concluded on August 1, 2022
