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Telecom Ministry clears 4G spectrum trading deal between Airtel and Aircel

The Telecom Ministry is learnt to have cleared the Rs 35 billion spectrum trading deal between Bharti Airtel and Aircel.

Airtel had entered into an agreement with Aircel to acquire the latter’s 4G spectrum in eight circles in April 2016. These circles are Tamil Nadu, Bihar, Jammu and Kashmir, West Bengal, Assam, Northeast, Andhra Pradesh and Odisha.

Meanwhile, as part of the approval process, Airtel was asked to surrender 1.2 MHz spectrum in the Odisha circle as it breached the spectrum cap limit, after taking into account Aircel’s spectrum

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