Spectrum-trading pact: Airtel monetises unused airwaves, Jio saves $400m

The first spectrum-trading pact between Reliance Jio and Bharti Airtel permits the Sunil Mittal-led telco to monetise unutilised airwaves and, at roughly half the public sale value, saves the Mukesh Ambani-owned operator some $400 million whereas beefing up its holdings in three circles.

Market chief Jio mentioned on Tuesday it acquired the appropriate to make use of 800 MHz spectrum from No. 2 telco Bharti for roughly Rs 1,500 crore, together with Rs 459 crore in future

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