Indian telecommunications companies reliance and Bharti airtel announced a spectrum trading agreement on Tuesday. jio has acquired the rights to use Airtel's 800MHz band in the andhra pradesh, delhi, and mumbai circles through spectrum trading. This addition of the spectrum rights will enhance the network quality and also boosts the signal strength of the same. It also enhances the capacity of the signal and reinforces its footprint in the telecom sector. On the other hand, airtel has reduced its financial burden with the amount it receives for shaking hands with jio for this agreement. Through this agreement, sunil Mittal’s airtel will receive a consideration of Rs 1,037.6 crore from reliance jio for the proposed transfer

As of now, airtel is happy with its number 2 place in the telecom sector. airtel had an upsurge of 2.2 million subscribers last November. The Telecom giant is vastly spreading its business not only in the wireless sector but also in the broadband sector with its attractive plans and amazing features that offers along with the packs. jio is also working to introduce its 5g smartphones and laptops with an affordable price tag. jio is all set to release its 5g bands in India. This made in india technology also set a peak speed of 1Gbps at its initial level of development.
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06/04/2021 08:30 PM