Videocon Industries Ltd (VEDI.BO)
29 Apr 2016
MUMBAI Bharti Airtel Ltd, India's biggest mobile phone networks operator, has agreed to pay 44.28 billion rupees ($664 million) to Videocon Telecommunications for radio frequencies in six service areas, trumping rival Idea Cellular's smaller deal for the same spectrum in two service areas.
** Consumer electronics firm Videocon Industries Ltd rises as much as 16.75 pct, telecom service company Bharti Airtel Ltd gains as much as 3.9 pct
MUMBAI, March 17 India's third-biggest mobile phone operator, Idea Cellular Ltd, said it has called off its plan to buy telecom spectrum worth 33.10 billion rupees ($493 million) from smaller rival Videocon Telecommunications.
MEDIA-India's Idea Cellular may have to pay 4.96 bln rupees tax for Videocon's 4G airwaves - Economic Times
- Note: Reuters has not verified this story and does not vouch for its accuracy