Overview
- Bharti Airtel and subsidiary Bharti Hexacom have signed definitive agreements to acquire 400 MHz of 26 GHz spectrum from Adani Data Networks.
- The spectrum spans six regions: Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu, with varying bandwidth allocations.
- Adani Data Networks had acquired the spectrum in 2022 for Rs 212 crore but failed to meet rollout obligations, leading to regulatory scrutiny and penalties.
- Industry sources estimate the deal's value at Rs 155 crore, with Airtel assuming remaining government dues under telecom trading rules.
- Airtel plans to use the spectrum to expand its 5G offerings, focusing on fixed wireless access solutions for consumers and enterprises.