Airtel to acquire 400 MHz spectrum in 26 GHz band from Adani Data Networks Limited

Bharti Airtel Limited and its Subsidiary, Bharti Hexacom Limited (“Airtel” or “Company”) have entered into definitive agreements with Adani Data Networks Limited (ADNL), a subsidiary of Adani Enterprises to acquire rights to use of 400 MHz of spectrum in the 26 GHz band in Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz) and Tamil Nadu (50 MHz).

The closing of the transaction is subject to satisfaction of the standard conditions (including conditions stated in the Spectrum Trading Guidelines) and statutory approval(s).