Bharti Hexacom’s shares jump over 2% to hit a new 52-week high of Rs 1,689.90 after Bharti Airtel, alongside its subsidiary Bharti Hexacom, entered into definitive agreements to acquire the rights to use 400 MHz of spectrum in the 26 GHz band from Adani Data Networks Limited (ADNL). Announced on April 22, 2025, the acquisition strengthens Airtel’s high-speed 5G rollout across key markets in India.

The spectrum allocation spans six telecom circles: Gujarat (100 MHz), Mumbai (100 MHz), Andhra Pradesh (50 MHz), Rajasthan (50 MHz), Karnataka (50 MHz), and Tamil Nadu (50 MHz). This acquisition is expected to significantly enhance Airtel’s 5G network, utilizing the mmWave band known for ultra-fast speeds and minimal latency—crucial for next-gen services like enterprise solutions, fixed wireless access, and ultra-HD streaming.

This strategic move highlights Airtel’s continued dominance in India’s telecom sector, with its extensive presence in 15 countries and a customer base of over 550 million across India and Africa. The partnership with Adani Data Networks is a landmark collaboration between two major corporate giants in India’s telecom industry.

Bharti Hexacom shares opened at ₹1,655.00, reaching a high of ₹1,689.90 and a low of ₹1,651.50 in the current session. Impressively, the stock touched its 52-week high at ₹1,689.90, showcasing strong market momentum. This is a significant rise from its 52-week low of ₹854.15.

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TOPICS: Bharti Hexacom