Ambani & Ambani Come Together😳

  |   India News

Ambani brothers👬 - Mukesh & Anil - have inked✍ a major agreement to share and trade spectrum🌐 in the 800 MHz band in 17 circles between Reliance Jio (Mukesh's) and Reliance Communications (Anil's)👍. Reliance Jio will also acquire 33.75 MHz of spectrum📶 from Reliance Comm in 9 circles for a reported ₹4500 Cr💰. The pact has left R-Jio and R-Com with shared spectrum in these circles which will enable R-Com to enter into an intra circle pact📝 with R-Jio and offer 4G service📶 to their subscribers. R-Com is said to have taken these steps with an eye👁 on decreasing it's debt of around ₹35524 Cr. This deal is the second deal between telcos after Govt approved✅ spectrum sharing guidelines. The first one was between Idea Cellular and Videocon.

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