Reliance Jio Infocomm has entered into a ₹1,037.6-crore spectrum trade with Bharti Airtel.

According to the agreement, Sunil Mittal-backed Bharti Airtel will transfer its 800 MHz spectrum in Andhra Pradesh (3.75 MHz), Delhi (1.25 MHz), and Mumbai (2.50 MHz) to RJio. In addition to the upfront payment of ₹1,037.6 crore, RJio will take over Airtel’s future spectrum liabilities of ₹459 crore. 

Here's all you need to know