• About Us
  • Add Post
  • Contact
  • Contribute For Us
  • Homepage
  • Our Authors
  • Privacy Policy
What's Hot

Patrick Bamford Leeds type mentioned by Jesse Marsch

January 29, 2023

Brest vs Angers SCO LIVE: Ligue 1 consequence, ultimate rating and response

January 29, 2023

Novak Djokovic describes emotion at record-equalling twenty second grand slam

January 29, 2023
What's Hot

Patrick Bamford Leeds type mentioned by Jesse Marsch

January 29, 2023

Brest vs Angers SCO LIVE: Ligue 1 consequence, ultimate rating and response

January 29, 2023

Novak Djokovic describes emotion at record-equalling twenty second grand slam

January 29, 2023
Facebook Twitter Instagram
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors
Facebook Twitter LinkedIn
BusinessLendBusinessLend
  • NEWS
  • BUSINESS
  • AUTO
  • TECH
  • MONEY
  • STARTUP
  • SUCCESS STORIES
  • OTHER
    • Press Release
    • OPINION
Subscribe
BusinessLendBusinessLend
Home»NEWS»Reliance Jio saved $ 400 million from spectrum trading deal, know what is the whole matter
NEWS

Reliance Jio saved $ 400 million from spectrum trading deal, know what is the whole matter

Bhagyashree SoniBy Bhagyashree SoniApril 9, 2021Updated:April 9, 2021No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Reliance Jio saved $ 400 million from spectrum trading deal, know what is the whole matter
Share
Facebook Twitter LinkedIn Pinterest Email

Reliance Jio Spectrum Trading: The two rivals of Reliance Jio and Bharti Airtel have joined hands. Jio’s spectrum trading agreement with Airtel will not only strengthen its hold in the country. Rather, the company has also saved around $ 400 million.

According to Business Standard report, Reliance Jio has entered into an agreement with Bharti Airtel to acquire a portion of spectrum in the 800 MHz band for Andhra Pradesh, Delhi and Mumbai circles at a total value of Rs 1,497 crore. Both Reliance Jio and Airtel companies will benefit from this deal. Market analysts have described the deal as “mutually beneficial”.

Regarding the spectrum deal, UBS said in a note that Jio’s spectrum has recently been auctioned in the 800 MHz band in Andhra Pradesh, Delhi and Mumbai. Its validity is 20 years. India’s largest telecom operator Reliance Jio, through a deal with Airtel, has now got hold of 10MHz, 10MHz and 15MHz respectively in these circles for a consideration of Rs 1,497 crore.

According to UBS, the expenditure of 140 million per MHz was targeted on the validity of the remaining 14 years in this spectrum deal. In which 50 percent discount was given on the auction price. In such a situation, Jio not only built 10-15 MHz blocks in major areas, but also potentially saved 400 million USD.

This deal also matters to Bharti Airtel as this spectrum was acquired by Airtel from Tata, but it was not being used. According to UBS, now Airtel will be able to take advantage of these spectrum after the deal with Jio. Also, by selling spectrum to Jio, Airtel will be able to monetize unused spectrum assets.

Also read: SBI, India’s largest bank pulls its hands off lending to Adani Group, screws over disputed coal mine

7th Pay Commission: Good news for government employees! DA will get full benefit from July 1

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Bhagyashree Soni
  • Facebook

Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.

Related Posts

Deceased safety chief of Azerbaijani Embassy in Iran to be buried tomorrow in Baku

January 29, 2023

Plane with evacuated workers of Azerbaijani Embassy in Iran leaves Tehran

January 29, 2023
Add A Comment

Comments are closed.

Advertisement
Editors Picks

Tesla Hiccup: EV Maker Recalls 1.1 Million Cars

September 23, 2022

Used-car market is in a ‘bizarre’ spot

November 20, 2022

This is the Right Way to Store Walnuts and not in the Cupboard

July 29, 2022

Hyundai Ioniq 5 with e-corner tech activates a dime

January 11, 2023
Advertisement
Latest Posts

Patrick Bamford Leeds type mentioned by Jesse Marsch

January 29, 2023

Brest vs Angers SCO LIVE: Ligue 1 consequence, ultimate rating and response

January 29, 2023

Novak Djokovic describes emotion at record-equalling twenty second grand slam

January 29, 2023

Business Lend is a platform which brings executives officers, entrepreneurs, and venture capitalist together from different sectors. We keep on connecting with our users with the help of our monthly edition carving our way slowly towards the highest readership.

Facebook Twitter Instagram LinkedIn
Must Read
  • Patrick Bamford Leeds type mentioned by Jesse Marsch January 29, 2023
  • Brest vs Angers SCO LIVE: Ligue 1 consequence, ultimate rating and response January 29, 2023
  • Novak Djokovic describes emotion at record-equalling twenty second grand slam January 29, 2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

© 2023 BusinessLend. Designed by ThemeSphere.
  • About Us
  • Contact
  • Add Post
  • Contribute For Us
  • Privacy Policy
  • Our Authors

Type above and press Enter to search. Press Esc to cancel.