23 May 2024
Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) have submitted money for the upcoming spectrum auction.
The telcos have submitted a total of Rs 4,350 crore. Jio submitted Rs 3,000 crore, while Bharti Airtel and Vodafone Idea Rs 1,050 crore and Rs 300 crore. The data was released by the Department of Telecommunications (DoT).
For the upcoming auctions, the DoT will avail the following spectrum bands for the telcos - 800MHz, 900MHz, 1800MHz, 2100MHz, 2300MHz, 2500MHz, 3300MHz, and 26GHz - valued at Rs 96,317.65 crore.
This auction is expected to be slightly muted compared to the one that took place in 2022. The centre generated about Rs 1.5 lakh crore from the 2022 auctions and sold 72,097.85 MHz airwaves. From the upcoming auction, the government is expected to generate around Rs 10,000 crore. Airtel and Vodafone Idea will likely only spend money on airwaves for circles where their existing spectrum is expiring.
