Bharti Airtel on Thursday same that it's entered into a definitive agreement with Tikona Digital Networks to accumulate Tikona’s 4G business as well as the Broadband Wireless Access (BWA) spectrum and 350 sites, in 5 medium circles.
The acquisition is subject to requisite restrictive approvals.
The deal can considerably bolster Airtel’s spectrum position in Gujarat and Himachal Pradesh, taking its overall BWA spectrum holding to thirty megacycle every in these circles. Post completion of the deal, Airtel can have thirty megacycle within the 2300 megacycle band in thirteen circles giving it tremendous advantage to handle the billowy information demand.
Tikona presently has twenty megacycle spectrum within the 2300 megacycle band in Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh circles. Airtel plans to roll-out high speed 4G services on the freshly nonheritable spectrum within the 5 circles now when the closure of the group action.
As per the agreement, the acquisition of the 4G business in Gujarat, UP (East), UP (West) and Himachal Pradesh are going to be undertaken by Airtel, whereas within the Rajasthan circle, it'll be accomplished through Airtel’s subsidiary Bharti Hexacom restricted. Post-acquisition, the combined spectrum holding of Airtel in these 5 circles are going to be at intervals the spectrum caps prescribed by the govt.
The planned acquisition can change Airtel to fill BWA spectrum gaps within the 2300 megacycle band in Rajasthan, UP (East) and UP (West), thereby securing a pan India footprint within the band.
"Airtel’s continuing concentrate on strengthening its 4G capabilities across multiple spectrum bands are going to be complemented with the BWA spectrum acquisition from Tikona. we have a tendency to believe that combining our capacities in TD-LTE and FD-LTE can more bolster our network, and facilitate North American nation give unmatched high-speed wireless broadband expertise to our customers. we have a tendency to stay committed to our vision of leading India’s digital revolution by giving first and reasonable medium services through a strong spectrum portfolio unfold across multiple bands," Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel, same during a statement.
The acquisition is subject to requisite restrictive approvals.
The deal can considerably bolster Airtel’s spectrum position in Gujarat and Himachal Pradesh, taking its overall BWA spectrum holding to thirty megacycle every in these circles. Post completion of the deal, Airtel can have thirty megacycle within the 2300 megacycle band in thirteen circles giving it tremendous advantage to handle the billowy information demand.
Tikona presently has twenty megacycle spectrum within the 2300 megacycle band in Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh circles. Airtel plans to roll-out high speed 4G services on the freshly nonheritable spectrum within the 5 circles now when the closure of the group action.
As per the agreement, the acquisition of the 4G business in Gujarat, UP (East), UP (West) and Himachal Pradesh are going to be undertaken by Airtel, whereas within the Rajasthan circle, it'll be accomplished through Airtel’s subsidiary Bharti Hexacom restricted. Post-acquisition, the combined spectrum holding of Airtel in these 5 circles are going to be at intervals the spectrum caps prescribed by the govt.
The planned acquisition can change Airtel to fill BWA spectrum gaps within the 2300 megacycle band in Rajasthan, UP (East) and UP (West), thereby securing a pan India footprint within the band.
"Airtel’s continuing concentrate on strengthening its 4G capabilities across multiple spectrum bands are going to be complemented with the BWA spectrum acquisition from Tikona. we have a tendency to believe that combining our capacities in TD-LTE and FD-LTE can more bolster our network, and facilitate North American nation give unmatched high-speed wireless broadband expertise to our customers. we have a tendency to stay committed to our vision of leading India’s digital revolution by giving first and reasonable medium services through a strong spectrum portfolio unfold across multiple bands," Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel, same during a statement.
Bharti Airtel to Acquire Tikona Networks' 4G Business
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March 23, 2017
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Reviewed by India's First Telecom Comparison Search Engine
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March 23, 2017
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