Airtel to acquire Videocon spectrum for ₹4.4k cr
Telecommunications operator Bharti Airtel today entered into a definitive agreement to acquire Videocon Telecom's spectrum in six circles for ₹4,428 crore. Post the deal, Airtel's 4G coverage will rise to 19 circles from the current 15. The acquisition comes a day after Idea Cellular and Videocon terminated their ₹3,310 crore spectrum deal for the latter's Uttar Pradesh and Gujarat circles.