Business
Reliance Jio Infocomm Limited (“RJIL”) has announced that a final sale-purchase agreement has been signed with Bharti Airtel Limited. “Spectrum trading in Andhra Pradesh (2 x 3.75 MHz), Delhi (2 x 1.25 MHz), and Mumbai (2 x 2.5 MHz) circles to gain spectrum access in the M00 MHz band, which has been recorded by the DOT,” said Reliance Jio. .
According to RJIL’s official announcement, “RJIL has paid a total of Rs 1,181.3 crore crores (inclusive of taxes) to Bharti Airtel and has undertaken to pay the deferred payment with a present net worth of Rs..3 crore.” The report further added that “with this transaction of spectrum usage rights, RJIL’s Mumbai circle will have 800 MHz band spectrum footprint of 2 x 15MHz and Andhra Pradesh and Delhi circle will have 2 x 10 MHz, further enhancing the network experience.”
Reliance Geo Infocomm Ltd., a subsidiary of Geo Platforms Ltd., has created a world-class all-IP information community with strong new 4G LTE knowledge. It is a community that is pregnant and born as a mobile video network from the bottom up and supports voice over LTE knowledge. It is ready for the future and can simply be upgraded for more information, as applied sciences advance in 5G, 6G and the past.