Airtel, Reliance Jio Conclude Spectrum Trading Offer, Airtel Gets Rs 1,008 Crore

INSUBCONTINENT EXCLUSIVE:
Airtel said that it has received Rs 1,004.8 crore (net of tax) from Reliance Jio for the transfer.Telecommunications major Bharti Airtel
the two telecom rivals
received Rs 1,004.8 crore (net of tax) from Reliance Jio for the proposed transfer
469.3 crore relating to the spectrum.The deal has resulted in Reliance Jio - the biggest telecom operator in the country by subscriber base,
Reliance Jio
unutilised
Friday, August 13, Bharti Airtel was last trading 1.56 per cent higher at Rs 633 on the BSE.