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Airtel to acquire Tikona’s 4G biz
MUMBAI: As it gears up to take on Reliance Jio, leading telecom operator Bharti Airtel has entered into a definitive agreement to acquire Tikona Digital Networks’ 4G business including its Broadband Wireless Access (BWA) spectrum and 350 sites in five telecom circles.
Tikona currently has 20MHz spectrum in the 2300MHz band in Gujarat, UP (East), UP (West), Rajasthan and Himachal Pradesh 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.
As per the agreement, the acquisition of the 4G business in Gujarat, UP (East), UP (West) and Himachal Pradesh will be undertaken by Airtel, while in the Rajasthan circle, it will be accomplished through Airtel’s subsidiary Bharti Hexacom Ltd. Following the acquisition, the combined spectrum holding of Airtel in these five circles will be within the spectrum caps prescribed by the government.
The proposed acquisition will enable Airtel to fill BWA spectrum gaps in the 2300MHz band in Rajasthan, UP (East) and UP (West), thereby securing a pan-India footprint in the band. The deal will significantly bolster Airtel’s spectrum position in Gujarat and Himachal Pradesh, taking its overall BWA spectrum holding to 30MHz each in these circles. After completion of the deal, Airtel will have 30MHz in the 2300MHz band in 13 circles, enjoying a major advantage to handle the surging data demand.
The acquisition is subject to requisite regulatory approvals.
Bharti Airtel MD & CEO (India & South Asia) Gopal Vittal said, “Airtel’s continued focus on strengthening its 4G capabilities across multiple spectrum bands will be complemented with the BWA spectrum acquisition from Tikona. We believe that combining our capacities in TD-LTE and FD-LTE will further bolster our network, and help us provide unmatched high-speed wireless broadband experience to our customers. We remain committed to our vision of leading India’s digital revolution by offering world-class and affordable telecom services through a robust spectrum portfolio spread across multiple bands.”