Technoglitch
Core Member
Idea Cellular Ltd, India’s third-biggest mobile phone operator, has agreed to buy radio airwaves in two services areas from smaller rival Videocon Telecommunications for Rs.33.10 billion ($499 million) to boost its high-speed data services.
The deal comes a month after the government allowed carriers to trade mobile airwaves, a move aimed at improving services in the world’s second-biggest market by number of mobile customers.
Idea, a unit of the Aditya Birla conglomerate and nearly a fifth-owned by Malaysia’s Axiata, plans to use the acquired spectrum for launching 4G broadband services in Gujarat and Uttar Pradesh (west), the company said in a statement.
Idea Cellular to buy mobile airwaves for $499 mln from Videocon - Livemint
The deal comes a month after the government allowed carriers to trade mobile airwaves, a move aimed at improving services in the world’s second-biggest market by number of mobile customers.
Idea, a unit of the Aditya Birla conglomerate and nearly a fifth-owned by Malaysia’s Axiata, plans to use the acquired spectrum for launching 4G broadband services in Gujarat and Uttar Pradesh (west), the company said in a statement.
Idea Cellular to buy mobile airwaves for $499 mln from Videocon - Livemint
