Bharti Airtel to acquire Tikona Networks’ 4G business

Deepak, 23/03/2017
Bharti Airtel to acquire Tikona Networks’ 4G business

Bharti Airtel to acquire Tikona Networks’ 4G business Bharti Airtel, the country’s largest operator by users, has signed a definitive agreement with Tikona Digital Networks to acquire its 4G business, including the Broadband Wireless Access (BWA) spectrum and 350 sites in five telecom circles.

The acquisition is subject to requisite regulatory approvals, the company said in a statement. However, the financial details of the transaction were not immediately disclosed.

“Airtel’s continued focus on strengthening its 4G capabilities across multiple spectrum bands will be complemented with the BWA spectrum acquisition from Tikona. We believe that combining our capacities in TD-LTE and FD-LTE will further bolster our network, and help us provide unmatched high-speed wireless broadband experience to our customers. We remain committed to our vision of leading India’s digital revolution by offering world-class and affordable telecom services through a robust spectrum portfolio spread across multiple bands,” Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel, said.

Tikona currently has 20 MHz spectrum in the 2300 MHz band in Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh circles. Airtel plans to roll-out high speed 4G services on the newly-acquired spectrum in the five circles immediately after the closure of the transaction.

​As per the agreement, the acquisition of the 4G business in Gujarat, UP (East), UP (West) and Himachal Pradesh will be undertaken by Airtel, while in the Rajasthan circle, it will be accomplished through Airtel’s subsidiary Bharti Hexacom Limited. Post-acquisition, the combined spectrum holding of Airtel in these five circles will be within the spectrum caps prescribed by the Government.

The proposed acquisition will enable Airtel to fill BWA spectrum gaps in the 2300 MHz band in Rajasthan, UP (East) and UP (West), thereby securing a pan India footprint in the band. The deal will significantly bolster Airtel’s spectrum position in Gujarat and Himachal Pradesh, taking its overall BWA spectrum holding to 30 MHz each in these circles. Post completion of the deal, Airtel will have 30 MHz in the 2300 MHz band in 13 circles giving it tremendous advantage to handle the surging data demand.

source - http://www.thehindubusinessline.com

More Stories in Technology

Karsoo
323

Facebook Announces Hiring of Human Rights Director

By Bhavana Sharma - 17/09/2018

Facebook Announces Hiring of Human Rights Director

Karsoo
1217

Top 10 Free Web Hosting No Ads

By Deepak - 12/10/2017

10 destinations and the free web hosting plans they offer.

Karsoo
749

Motorola Moto Z2 Play coming to India on Thursday

By Deepak - 06/06/2017

The Motorola Moto Z2 Play will also be up for pre-order on June 8.

Karsoo
403

Facebook likely to launch ‘Portal’ video chat device, take on Amazon smart home devices

By Chaman Singh - 22/09/2018

Going up against Amazon savvy home gadgets, Facebook is allegedly set to declare its own video talk gadget called Portal one week from now.

Karsoo
488

How Can You Freely Customize Your iPad For Use?

By Bhavana Sharma - 13/12/2018

With the modernization of technology, it has provided the best and authentic solution for making the things easy to understand and use as well. The most successful gadget of this era is iPad which has provided the best solution to all important fields of life. Besides the professional use of an iPad, you can use it for personal use as well.

View More Stories