India's Bharti Hexacom rises on deal to buy 5G spectrum from Adani

Bharti Hexacom

23/04/2025 05:26

** Bharti Hexacom BHAX.NS climbs 2% to 1,675 rupees
** Telecom firm on Tuesday said co and parent Bharti Airtel will acquire 400 MHz spectrum in 26 GHz band from Adani Data Networks
** Spectrum across six circles including Gujarat, Mumbai and Andhra Pradesh
** Stock rated "buy" on avg; median PT is 1,552 rupees - data compiled by LSEG
** Bharti Airtel BRTI.NS shares down 0.2%
** YTD, BHAX has risen ~12%

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com; ))