Bharti Airtel and Bharti Hexacom have entered into definitive agreements with Adani Data Network to acquire the rights to use 400 MHz of spectrum in the 26 GHz band in Gujarat, Mumbai, Andhra Pradesh, Rajasthan, Karnataka and Tamil Nadu.Shares of Bharti Hexacom surged nearly 3 percent on April 23, after the mobile and broadband service provide and parent Bharti Airtel announced the decision to acq...

Shares of Vodafone Idea rose over 5% on December 30 as the government waived bank guarantees for past spectrum auctions. At 11:1o am on December 30, Vodafone Idea shares were trading at Rs 7.88, around 5% higher.The telecom firm has been exempted from providing bank guarantees worth Rs 24,800 crore for spectrum auctions held before 2021 (2012, 2014, 2015, 2016). In a December 28 filing, the compan...

Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea will collectively make annual savings of Rs 4,934 crore this fiscal onwards on account of a lower spectrum usage charge (SUC). Under the new policy announced by the government in September 2021, spectrum acquired in the recently-concluded auction and even future ones will not attract any usage charge.According to analysts, apart fr...

The ongoing spectrum auction, which is getting dragged as the country’s top two telecom operators (Reliance Jio and Bharti Airtel) are locked in an intense battle for a larger slice of airwaves in the 1,800 Mhz band in Uttar Pradesh (East) circle, took an interesting turn on Sunday. The bid value in the circle at Rs 160.57 crore per Mhz crossed the final price of Rs 153 crore per Mhz in the same...

Auctions for 5G spectrum continued for the fifth day on Saturday, after fetching bids worth Rs 1,49,855 crore from players such as Reliance Jio and Bharti Airtel so far. Continued interest for radiowaves has led to stretching of the auction to Saturday, and according to sources, 24th round of bidding is underway.About 71 per cent of the total spectrum put on the block has been provisionally sold s...