Bharti Airtel to acquire 400 MHz spectrum from Adani

Bharti Airtel (BSE: BHARTIARTL) announced today that it will acquire 400 MHz of spectrum in the 26 GHz band from Adani Data Networks Limited (ADNL) for an undisclosed amount. The acquisition includes spectrum in Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz). The deal is subject to standard closing conditions and statutory approvals. Airtel aims to leverage this acquisition to bolster its 5G infrastructure and expand its integrated communication solutions. Airtel serves over 550 million customers in 15 countries.