Reliance Jio Infocomm and Bharti Airtel have signed a definitive agreement, for Jio to acquire the right to use spectrum in the 800 MHz band in Andhra Pradesh, Delhi, and Mumbai circles through spectrum trading. Airtel will transfer its 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz) and Mumbai (2.50 MHz) to RJio. The aggregate value for the right to use this spectrum is ₹1,497 crore. In addition to the upfront payment of ₹1,037.6 crore, RJio will take over Airtel’s future spectrum liabilities of ₹459 crore.

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