Bharti Airtel is reportedly eyeing up Reliance Communications spectrum assets, which are currently being sold by lenders who are trying to recover Rs45,000cr in debt.
According to India Infoline, Bharti is making moves towards the assets, though Reliance Jio are also interested in the assets.
RCom has been struggling for some time now, and is rumoured to be shutting down its voice services from next month.
Perhaps we are about to see the beginning of a bidding war.
It certainly wouldn’t be the first time Jio has turned up and spoilt a Bharti Airtel party.
Perhaps we should not be surprised by Bharti Airtel cracking open its wallet and trying to buy its way out of a difficult situation.