Bharti Airtel to acquire Videocon Telecom spectrum for Rs 4428cr

India's largest telecom operator (by subcriber base) Bharti Airtel   has acquired Videocon Telecom for Rs 4,428 crore.  Bharti Airtel will get rights to use 2X5 MHZ in 1800 band allocated to Videocon by the Government of India, Ministry of Communication & IT, Department of Telecommunication (DoT) on April 5, 2013.   On Wednesday, Idea Cellular   had terminated its spectrum deal with Videocon under which it was supposed to buy two circles - Gujarat and Uttar Pradesh (West) - for Rs 3,310 crore. Post the deal, Bharti’s 4G coverage will go upto 19 circles from the current 15. 

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