Bharti Airtel Limited has agreed to acquire 400 MHz of 26 GHz spectrum from Adani Data Networks Limited to enhance its service capabilities and support the rollout of 5G technology in India.

Target Information

Bharti Airtel Limited, through its subsidiary Bharti Hexacom Limited, has entered into a definitive agreement to acquire 400 MHz of spectrum in the 26 GHz band from Adani Data Networks Limited (ADNL), part of Adani Enterprises. This acquisition encompasses regions such as Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz), and Tamil Nadu (50 MHz). The completion of this transaction is contingent upon meeting standard conditions, including those outlined in the Spectrum Trading Guidelines, as well as obtaining necessary statutory approvals.

Industry Overview

The telecommunications industry in India is experiencing significant growth, driven by high demand for data services and an increase in mobile broadband penetration. With over a billion mobile subscribers, India's telecom sector is one of the fastest growing in the world. The transitional shift towards 5G technology is creating considerable investment opportunities, as companies are upgrading their infrastructure to support faster and more reliable networks.

Additionally, the competitive landscape is intensifying, with multiple players vying for market share. The industry's framework encourages spectrum trading, which allows companies to optimize their hold