Home / Markets / News / Bharti Airtel concludes spectrum trading agreement with Jio; stock up 2.5%

Bharti Airtel concludes spectrum trading agreement with Jio; stock up 2.5%

Airtel has received Rs 1,004.8 crore (net of tax) from Jio for the proposed transfer.

Premium

For retail customers, the prices of Airtel’s postpaid plans start at Rs 399 per month, while for corporate customers it is Rs 299. The earlier postpaid corporate plans started at Rs 199, which has been revised to Rs 299

Deepak Korgaonkar Mumbai

3 min read Last Updated : Aug 13 2021 | 2:01 PM IST

Shares of Bharti Airtel hit a new record high of Rs 638.60, up 2.5 per cent on the BSE in the intra-day trade on Friday, after the company announced the closure of its agreement with Reliance Jio Infocomm to transfer the 'Right to Use' of Airtel's 800 MHz spectrum in three circles to Jio. The stock surpassed its previous high of Rs 629.15, touched on Thursday, August 12, 2021 in the intra-day trade.

Bharti Airtel in a statement said the company has received Rs 1,004.8 crore (net of tax) from Jio for the proposed transfer. In addition, Jio will

Topics : Bharti Airtel Buzzing stocks Reliance Jio spectrum allotment

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in