Bharti Airtel said it has entered into a definitive agreement to acquire Tikona Digital Networks’ 4G business for ₹16 billion, including spectrum and 350 sites in five telecom circles.
Tikona has 20 MHz spectrum in the 2300 MHz band in Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh circles.
With this acquisition, Bharti Airtel will have spectrum in 2300 MHz band across all 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, according to a company statement.
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