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Board of Idea Cellular decide to acquire right to use spectrum from Videocon Telecommunications

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Capital Market

At meeting held on 24 November 2015

The Board of Directors of Idea Cellular at its meeting held on 24 November 2015 has decided to enter into an agreement with Videocon Telecommunications for acquiring right to use spectrum, for two telecom service areas of Gujarat and Uttar Pradesh (West). The aggregate consideration for the right to use spectrum transaction is Rs 3310 crore.

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First Published: Nov 24 2015 | 6:00 PM IST

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