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Airtel today announced that it has acquired Videocon Telecommunications’ spectrum in six circles in the 1800 MHz Band. Following the acquisition shares of Videocon surged 17 %.

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VideoconBSE 1.22 % Telecom will use its 4G spectrum sale proceeds to buy fresh 3G airwaves in Punjab in the next auction.

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The board of Videocon wanted the telco to exit from spectrum related business, while Idea was not keen on buying spectrum in UP-East, Bihar, Haryana and MP.

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The global BYOD & enterprise mobility market is estimated at USD 106.45 billion in 2015, and is expected to reach USD 360.07 billion by 2020, at a CAGR 27.6 % from 2015 to 2020.

The global land mobile radio (LMR) systems market is projected to exhibit a 16.90% CAGR from 2014 to 2020, expanding from a value of US$10.5 bn in 2013 to US$30.6 bn in 2020.

Videocon Telecom plans to start its 4G mobile services in some circles, including Punjab, by the end of this year.

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Keypasco was announced as a finalist in the global 2016 Contactless & Mobile Award in the category Payment Security for the Keypasco PKI Sign feature.

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Dea can skirt the additional service tax levy is by closing the spectrum trading deal with Videocon by May 31 latest, since the new rule will be effective June 1.

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