India's largest telecom network, Bharti Airtel, today successfully acquired Aircel's 20MHz spectrum under the 2300MHz band in eight circles of India. With this deal, Airtel will now offer 4G services in Tamil Nadu, Bihar, Jammu and Kashmir, West Bengal, Assam, North East, Odisha, and Andhra Pradesh.
Back in April 2016, Airtel on their stock exchanges filling said that they are acquiring the Aircel's 20MHz of 2300 band spectrum for whopping Rs. 3500 crores.
Also, the company stated that they will become a Pan-India 4G operator with this acquisition. And, it took nearly six months to complete the deal and to get necessary approvals from Department of Telecommunication.
To recall, Airtel back in March 2016 has bought Videocon's 1800MHz spectrum in six circles for Rs. 4428 crores. It is worth noticing that, Videocon has broken the deal with Idea Cellular to sell the spectrum to Airtel.
Idea Cellular was about to purchase the Videocon's 1800MHz spectrum in two circles for Rs. 3310 crores.
In April, Gopal Vittal, Airtel India CEO stated that the company was in talks to purchase the 700MHz spectrum, but that was very expensive and going by the reports and rumors, the 700MHz price was about 4 lakh crores.
Airtel is aggressively expanding their 4G presence in India to especially combat the Reliance Jio. Having said that, the new entrant, Reliance Jio has been licensed as the LTE-only network.
Also, there are some rumors suggesting that Reliance Jio has already started testing the LTE-A network in India after seeing the quick growth of other telecoms.