India’s largest telecom operator by subcriber base, Bharti Airtel, said on Thursday that it has acquired Videocon Telecom for Rs 4,428 crore.
With this, Bharti Airtel will get the rights to use 2X5 MHz of spectrum in the 1800 band allocated to Videocon by the government on April 5, 2013. On March 16, Idea Cellular had terminated its spectrum deal with Videocon under which it was supposed to buy two circles - Gujarat and Uttar Pradesh (West) - for Rs 3,310 crore.
After Thursday’s deal, Bharti’s 4G coverage is likely to go up to 19 circles from the current 15.
