Friday, July 11, 2025
spot_img

Centre begins auction for telecom spectrum worth Rs 96,238 crore

Date:

Share post:

spot_imgspot_img

 

New Delhi, June 25 :The Centre on Tuesday announced it has begun the auction of spectrum worth Rs 96,238.45 crore for telecom services.

The total quantum of spectrum being auctioned is 10,522.35 MHz in various bands, valuing Rs 96,238.45 crore at reserve prices, said the Ministry of Communications.

The following spectrum bands will go up for bidding in the auction — 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz — that starts at 10 a.m.

The auction will see participation from three bidders: Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm. “To augment existing telecom services and maintain continuity of services, the government will hold the spectrum auction on Tuesday,” said the ministry.

The 1800 MHz spectrum band has been allocated Rs 21752.4 crore at reserve price, followed by the 800 MHz band at Rs 21,341.25 crore.

“This is in line with the government’s commitment to facilitate affordable, state-of-art high-quality telecom services to all the citizens,” the ministry added.

The Department of Telecommunications (DoT) initiated the spectrum process on March 8. Spectrum will be assigned for a period of 20 years. Successful bidders will be allowed to make payments in 20 equal annual instalments, duly protecting the NPV at the interest rate of 8.65 per cent. Spectrum acquired through this auction can be surrendered after a minimum period of 10 years.

There will be no Spectrum Usage Charges (SUC) for spectrum acquired in this auction, said the ministry.

IANS

spot_imgspot_img

Related articles

Djokovic one step closer to title

London, July 10: Novak Djokovic’s search for his personal Holy Grail – a 25th Grand Slam title and...

After routing Real Madrid, PSG eye Chelsea and historic quadruple

East Rutherford, July 10: Wearing their blue, red and white jerseys, Paris Saint-Germain supporters were surrounded by white...

Belinda Bencic storms into semis

London, July 9: Returning to the circuit after the birth of her child, Belinda Bencic continued with her...

Asia Cup in doubt after India, Lanka refuse to attend ACC meeting

Mumbai, July 10: The Asia Cup cricket tournament plunged into further doubt and chaos after India and Sri...