Bharti Airtel and Vodafone India might buy additional spectrum from Videocon in Bihar, Uttar Pradesh (UP) East and Haryana circles due to growing need for 4G technology based radio waves, rating firm India Ratings said on Monday.
Videocon has 5 MHz block of spectrum in the 1,800 MHz band in 4 circles - Bihar, Haryana, Madhya Pradesh and UP (East).
India Ratings said in its reports that like Idea Cellular, other telecom operators plan to strengthen their spectrum capabilities in order to meet the growth in 4G services and competition from Reliance Jio.
Last week, Videocon had sold UP West and Gujarat circles to Idea Cellular at a hefty premium.
A senior Videocon official had said that the company was in talks with multiple operators to sell its spectrum in UP (East) and Bihar circles at a valuation of INR 3,500 crore.
The company would also sell spectrum, subscribers and network in Madhya Pradesh and Haryana circles for INR 4,000 crore by early next year.
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