Airtel to acquire 400 MHz spectrum from Adani Enterprises in 5G boost

Bharti Airtel is set to acquire the entire 400 megahertz (MHz) spectrum of Adani Data Networks Limited (ADNL), the company said in an exchange filing on Tuesday.

“Bharti Airtel Limited and its Subsidiary, Bharti Hexacom Limited have entered into definitive agreements with Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises to acquire rights to use of 400 MHz of spectrum in the 26 GHz band in Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz). The closing of the transaction is subject to satisfaction of the standard conditions (including conditions stated in the Spectrum Trading Guidelines) and statutory approval(s),” the company’s statement read.