Reliance Jio Infocomm Ltd announced today that it has entered into a definitive agreement with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh, Delhi and Mumbai circles through spectrum trading. Circle-wise details of the traded spectrum is provided below: The trading agreement is in accordance with the Spectrum Trading Guidelines issued by the Department of Telecommunications and is subject to the requisite regulatory and statutory approvals. The aggregate value for the right to use this spectrum is Rs 1497 crores, inclusive of present value of associated deferred payment liability of Rs 459 crores, subject to any transaction related adjustments.

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