Jio Acquires Airtel’s 800MHz Spectrum in Andhra Pradesh, Delhi, Mumbai Circles to Bolster Its 4G LTE Network
Reliance Jio and Bharti Airtel announced a spectrum trading agreement on Tuesday. Jio has acquired the rights to use Airtel's 800MHz band in the Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading. The addition of the spectrum rights will help Jio enhance its network capacity and bolster its footprint in the telecom sector. Airtel, on the other hand, will be able to reduce its ongoing financial burden through the amount it will receive from Jio, which is subject to approvals.Through this deal, Airtel will…