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DoT releases ownership details of the applicants for participation in the 2022 spectrum auction

The mock auction for spectrum 600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHZ, 2500 MHz, 3300 MHz & 26 GHz bands will be held on July 22-23, 2022.

The Department of Telecommunications (DoT) has confirmed the final list of bidders as Reliance Jio Infocomm Limited, Vodafone Idea Limited, Bharti Airtel Limited, and Adani Data Networks Limited. Neither of the four applicants has backed out of the auction as per DoT. July 20 was the last date for the withdrawal of applications.

The much-awaited spectrum auction will be held later this month on July 26.

Details of Promoters/Partners/ Shareholders in the Company:

S. No. Name of Promoter/ Partner/ Shareholder Indian/ Foreign Equity Percentage Net Worth (As on Date) Net Worth (As per last audited statement) Paid-up capital Whether it is to be counted for calculating the net worth towards the Eligibility for bidding (Yes/No)
1 Adani Enterprises Limited Indian 100% Rs. 4730.66 Crore (As on 31 March 2022) Rs. 4730.66 Crore as at 31 March 2022 Rs. 114.00 Crore Yes
2 Individuals [In all 6 and all being Nominees of Adani Enterprises Limited] Indian 0% (10 share each, as Nominee) NA NA NA NO

Equity Details

Indian 100%
Foreign Nil
Total 100%

Type of the License (UASL/UL) LSA Name of the Company
Not Applicable Not Applicable Not Applicable

The Applicant Company is a New Entrant

List of telecom service license(s) held by the Applicant and its allies/sister concerns/partners, if any, and their present status:

Type of the License (Basic Cellular/ (UASL/UL/ Paging/ NLD/ ILD/ ISP etc.) and LSA Name of the Company Status whether operative/ surrendered/ Terminated
Not Applicable Not Applicable Not Applicable

Adani Data Networks Ltd. has been issued Letter of Intent bearing no. 20-1327/2022-AS-1 dated 28 June 2022 by Department of Telecommunications for grant of Unified License with authorisation of ILD (National Area), NLD (National Area) and ISP-B for Gujarat Circle.

Reliance Jio Infocomm. Ltd.

Shareholding details of applicant/Group bidding entity and shareholding details of associated Licensees that have nominated the applicant as Group Bidding entity.

I. Net worth: Rs. 1,97,790.00 Crores (as on 31.03.2022)
II. Paid Up capital Rs. 1,54,125.00 Crore (as on 31.03.2022)

Details of Promoters/ Partners/ Shareholders in the Company:

S. No. Name of Promoter / Partner / Shareholder Indian / Foreign Equity Percent age Net Worth (As on date) (As on 31st March 2022) Net Worth (As per last audited statement) (As on 31st March 2022) Paid up capital Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No)
Promoters
1. Jio Platforms Limited* Indian Company 100.00% 2,06,748.23 2,06.748.23 8,939.03 No
Other Shareholders
2. Nil
Total 100%

Equity Details
Indian ……………………………… 100%
Foreign……………………………. Nil
Total ………………………………. 100%

List of UASL/UL licence(s) held by the Applicant and its Associated Licensees.

Type of the Licence (UASL/UL) LSA Name of the Company
Unified License No. 20-401/2014 (AS-I) Dated 21.10.2013 with authorization for provision of all services (except GMPCS) All Service Areas Reliance Jio Infocomm Limited

List of telecom service licence(s) held by the Applicant and its allies/sister concerns/partners, if any, and their present status:

Type of the Licence (Basic Cellular/ UASL/Ul/ Paging/ NLD/ ILD/ ISP etc.) and LSA Name of the Company Status whether operative/ surrendered/ Terminated
Unified License with Authorisation for provision of all services (except GMPCS) for all LSAs Reliance Jio Infocomm Limited Operative
VSAT CUG Domestic Data Network Service Provider Infotel Satcom Private Limited Operative
Unified License with Authorisation for provision of National Long Distance Services Jio Satellite Communications Operative

Vodafone Idea Ltd.

Shareholding details of applicant/Group bidding entity and shareholding details of associated Licensees that have nominated the applicant as Group Bidding entity.
Net worth and Paid Up capital of the applicant Company (as on 31 March 2022)
Net-worth-Negative : (-) Rs. 80,918 crores
Paid-up capital : Rs. 32,119 crores

Details of Promoters/ Partners/ Shareholders in the Company:

S. No. Name of Promoter/ Partner/ Shareholder Indian/ Foreign Equity Percentage

(As on 31.03.2022)

Net Worth

(As on date)

(31.03.22)

(Rs. Crore)

Net Worth (As per last audited statement)

(31.03.22)

(Rs. Crore)

Paid-up capital

(As on 31.03.2022)

 

(Rs. Crore)

Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No)
Promoters
Aditya Birla Group
1. Grasim Industries Ltd. Indian 10.33 48,616 48,616 132 No
2. Hindalco Industries Ltd. Indian 2.34 54,428 54,428 222 Not Applicable
3. Birla TMT Holdings Pvt. Ltd. Indian 1.10 (823) (823) 427 Not Applicable
4. Pilani Investment and Industries Corporation Limited Indian 0.34 1,819 1,819 11 Not Applicable
5. IGH Holdings Pvt. Ltd. Indian 1.27 8,992 8,992 317 Not Applicable
6. Elaine Investments PTE Ltd. Foreign 2.68 290 290 5,462 Not Applicable
7. Oriana Investments PTE Ltd. Foreign 9.32 2,893 2,893 6,089 Not Applicable
8. Mr. Kumar Mangalam Birla Indian 0.00 Not Applicable Not Applicable Not Applicable Not Applicable
Vodafone Group
9. Euro Pacific Securities Ltd. Foreign 16.08 3,251 3,251 3,252 No
10. Vodafone Telecommunications (India) Limited Foreign 5.06 1,545 1,545 2,093 Not Applicable
11. CC II Mauritius INC Foreign 1.39 409 409 554 Not Applicable
12. Omega Telecom Holdings Private Limited Foreign 0.87 4,088 4,088 802 Not Applicable
13. Trans Crystal Ltd. Foreign 4.55 1,341 1,341 1,813 Not Applicable
14. Mobilvest Foreign 5.22 1,537 1,537 2,053 Not Applicable
15. Prime Metals Ltd. Foreign 8.58 2,757 2,757 3,465 Not Applicable
16. Asian Telecommunications Investments (Mauritius) Limited Foreign 3.05 1,142 1,142 1,463 Not Applicable
17. Usha Martin Telematics Limited Foreign* 0.28 292 292 198 Not Applicable
18. Al – Amin Investments Ltd. Foreign 2.53 745 745 1,009 Not Applicable
Promoters Total 74.99
Institutional Holding
19. Mutual Fund / Alternate Investment Funds Indian 1.41 Not Applicable Not Applicable Not Applicable Not Applicable
20. Financial institutions / Banks Indian 0.01 Not Applicable Not Applicable Not Applicable Not Applicable
21. Insurance Companies Indian 0.29 Not Applicable Not Applicable Not Applicable Not Applicable
22. Foreign Portfolio Investors Foreign 3.57 Not Applicable Not Applicable Not Applicable Not Applicable
Institutional Holding Total 5.28
Non-Institutional Holding
23. Non-Resident Indians Foreign 0.55 Not Applicable Not Applicable Not Applicable Not Applicable
24. Others Indian 0.33 Not Applicable Not Applicable Not Applicable Not Applicable
25. Bodies Corporate Indian 1.62 Not Applicable Not Applicable Not Applicable Not Applicable
26. Retail Individuals Indian 17.23 Not Applicable Not Applicable Not Applicable Not Applicable
Non-Institutional Holding Total 19.73
Total 100

# Foreign Owned and Controlled Indian Companies

Equity details

Indian : 36.27%
Foreign :63.73%
Total :100.00%

 List of UASL / UL licence(s) held by the Applicant and its Associated Licensees.

Types of the License (UASL/UL) LSA Name of the Company
UL Andhra Pradesh Vodafone Idea Limited
UL Assam Vodafone Idea Limited
UL Bihar Vodafone Idea Limited
UL Delhi Vodafone Idea Limited
UL Gujarat Vodafone Idea Limited
UL Haryana Vodafone Idea Limited
UL Himachal Pradesh Vodafone Idea Limited
UL Jammu & Kashmir Vodafone Idea Limited
UL Karnataka Vodafone Idea Limited
UL Kerala Vodafone Idea Limited
UL Kolkata Vodafone Idea Limited
UL Madhya Pradesh Vodafone Idea Limited
UL Maharashtra Vodafone Idea Limited
UL Mumbai Vodafone Idea Limited
UL North East Vodafone Idea Limited
UL Odisha Vodafone Idea Limited
UL Punjab Vodafone Idea Limited
UL Rajasthan Vodafone Idea Limited
UL Tamil Nadu Vodafone Idea Limited
UL Uttar Pradesh (West) Vodafone Idea Limited
UL Uttar Pradesh (East) Vodafone Idea Limited
UL West Bengal Vodafone Idea Limited

Since Vodafone Idea Limited has UL across 22 LSAs, no undertaking for acquiring UL is necessary.

List of telecom service license(s) held by the Applicant and its allies/ sister concerns/ partners.

Type of the License (Basic Cellular / UASL/UL/ Paging/ NLD/ ILD/ ISP etc.) and LSa Name of the Company Status whether operative/ Surrendered/ Terminated
UL Andhra Pradesh Vodafone Idea Limited Operative
UL Assam Vodafone Idea Limited Operative
UL Bihar Vodafone Idea Limited Operative
UL Delhi Vodafone Idea Limited Operative
UL Gujarat Vodafone Idea Limited Operative
UL Haryana Vodafone Idea Limited Operative
UL Himachal Pradesh Vodafone Idea Limited Operative
UL Jammu & Kashmir Vodafone Idea Limited Operative
UL Karnataka Vodafone Idea Limited Operative
UL Kerala Vodafone Idea Limited Operative
UL Kolkata Vodafone Idea Limited Operative
UL Madhya Pradesh Vodafone Idea Limited Operative
UL Maharashtra Vodafone Idea Limited Operative
UL Mumbai Vodafone Idea Limited Operative
UL North East Vodafone Idea Limited Operative
UL Orissa Vodafone Idea Limited Operative
UL Punjab Vodafone Idea Limited Operative
UL Rajasthan Vodafone Idea Limited Operative
UL Tamil Nadu Vodafone Idea Limited Operative
UL Uttar Pradesh (West) Vodafone Idea Limited Operative
UL Uttar Pradesh (East) Vodafone Idea Limited Operative
UL West Bengal Vodafone Idea Limited Operative
NLD All India Vodafone Idea Limited Operative
ILD All India Vodafone Idea Limited Operative
ISP (Category-A) All India Vodafone Idea Limited Operative
ISP (Category-B) Karnataka Vodafone Idea Limited Terminated (Post Expiry)
ISP (Category-B) Punjab Vodafone Idea Limited Terminated (Post Expiry)
UL – ISP (Category-A) All india YOU Broadband India Limited [Refer Note (i) below] Operative

You Broadband India Limited is a wholly-owned subsidiary of the Company

Bharti Airtel Limited

Net worth: Rs. 75,886.8 Crores (As on 31st March 2022)

Paid Up capital : Rs. 2,795 Crores (As on 31st March 2022)

Details of Promoters/ Partners/ Shareholders in the Company:

S.No. Name of Promoter/ Partner/ Shareholder Indian / Foreign Equity Percentage Net worth As on date (Rs. Crore) Net Worth as per last audited statement (Rs. Crore) Paid up Capital (Rs. Crore) Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No)
1 Bharti Telecom Limited (Promoter) Indian 35.85% 8535.41* 8564.55* 2582.31 No
2 Other [including Bodies corporates, Banks/Mutual Funds/IFI(s)/Resident Individuals/HUF/ Director(s)/ Others/, employee Welfare Trust/Trust(s), Clearing Members, etc.] (Shareholders) (Refer Note 2 below) Indian 22.89% Not Applicable Not Applicable Not Applicable No
3 Pastel limited* (Promoter Group) Foreign 13.84% 12797.05* 12142.05* 7137.46 No
4 Indian Continent Investment Limited (ICIL) (Promoter Group) Foreign 6.04% Not Applicable Not Applicable Not Applicable No
5 Viridian Limited Foreign 0.20% Not Applicable Not Applicable Not Applicable No
6. Others [Including Foreign Companies/ Foreign Individuals/ NRI’s/FII/ FPI] (Shareholders) (Refer Note 2 below) Foreign 21.18% Not Applicable Not Applicable Not Applicable No
  •  Bharti Telecom Limited is promoter of Bharti Airtel Limited
  • Postel Limited is a member of Pramoter Group of Bharti Airtel limited in accordance with Regulation 2(1)(t) of the SEBI (Substantial Acquisition of Shares and Tekeover) Regulations, 2011 read with Regulation 2(1)(pp) of the SEBI (Issue of Capital and Disclosure Requirement) Regulation 2018 and is neither Pramoter nor a person acting in concert with Promoter, Bharti Telecom limited, under Regulation 2(1)(a) of the SEBI (Substation Acquisition of Shares and Tekeovers) Regulations, 2011.
  • Indian Continent Investment Limited is person acting in concert with Bharti Telecom Limited, Promoter of Bharti Airtel Limited.
  • Viridian Limited is person acting in concert with Post of Limited, member of Promoter Group of Bharti Airtel Limited as mentioned above.
  • Net worth & Paid-up Capital of the Company has been converted from USD to Rupees @ Rs. 79,3320 per dollar (Rate as per RBI on July 06, 2022)
  • Net worth as on 31st March, 2022                       
  • Net worth as on 30th June, 2022
  • Net worth as on March 31, 2022             
  • Net Worth as on March 31, 2021

 Note:

  1. All equity percentage mentioned above are as on June 30, 2022 (as per records of the company)
  2. No Individual person holds more than 5% of the total equity capital through a single PAN.
  3. Paid up capital and Net worth of Bharti Airtel Limited are sufficient to meet the minimum Paid up capital and net worth requirements as prescribed in the Notice inviting Application. Accordingly, the net worth of the promoters/ partners/ shareholders is not to be counted for calculating the net worth towards the eligibility for bidding.
  4. The Company has entered into an agreement to issue equity shares to Google International LLC (“Google”) on a preferential basis. The said preferential allotment has been approved by the members of the Company vide resolution dated February 26, 2022. The Company has received necessary approval from Competition Commission of India and is in process of allotting the equity shares.

Equity Details

Indian:        58.74%
Foreign:      41.26%
Total:          100%

List of UASL/UL license(s) held by the Applicant and its Associated Licensees.

Type of the Licence (UASL/UL) LSa Name of the Company
UL-Access Service Authorization 1.     Andhra Pradesh

2.     Delhi

3.     Gujarat

4.     Haryana

5.     Himachal Pradesh

6.     Karnataka

7.     Kerala

8.     Kolkata

9.     Maharashtra

10.  Madhya Pradesh

11.  Mumbai

12.  Punjab

13.  Tamil Nadu

14.  Uttar Pradesh (West)

Bharti Airtel Limited
UL – Access Service Authorization 1.     North East

2.     Rajasthan

Bharti Hexacom Limited
UASL 1.     Assam

2.     Bihar

3.     Jammu & Kashmir

4.     Orissa

5.     Uttar Pradesh (East)

6.     West Bengal

Bharti Airtel Limited

Ownership details of each of the Associated Licensees establishing the shareholding of the Common Parent in each of the Associated licensees.

S. No. Name of Promoter/ Partner/ Shareholder Indian/

Foreig

Equity Percentage Net worth (As on date) (Rs. Crore) Net worth (As per last audited statement) (Rs. Crore) Paid-up capital (Rs. Crore) Whether it is to be counted for calculating the net worth towards the eligibility for bidding (Yes/No)
1. Bharti Airtel Limited (Shareholder) (Common Parent) Indian 70% 75886.8* 75886.85 27954 No
2. Telecomm unications Consultants India Limited- (Shareholder) Indian 30% 611.19** 611.19* 59.20^ No

List of telecom service license(s) held by the Applicant and its allies/sister concerns/ partners.

S. No. Type of the License (Basis Cellular/ UASL/ UL/ Paging/ NLD/ ILD/ ISP etc.) and LSA Name of the company Status whether operative/ surrendered/ Terminated
1 UL – Access Service Authorisation for Andhra Pradesh Bharti Airtel Limited Operative
2 UL – Access Service Authorisation for Delhi Bharti Airtel Limited Operative
3 UL – Access Service Authorisation for Himachal Pradesh Bharti Airtel Limited Operative
4 UL – Access Service Authorisation for Karnataka Bharti Airtel Limited Operative
5 UL – Access Service Authorisation for Kolkata Bharti Airtel Limited Operative
6 UL – Access Service Authorisation for Punjab Bharti Airtel Limited Operative
7 UL – Access Service Authorisation for North East Bharti Airtel Limited (Subsidiary) Operative
8 UL – Access Service Authorisation for Rajasthan Bharti Airtel Limited (Subsidiary) Operative
9 UL – Access Service Authorisation for Gujarat Bharti Airtel Limited Operative
10 UL – Access Service Authorisation for Haryana Bharti Airtel Limited Operative
11 UL – Access Service Authorisation for Kerala Bharti Airtel Limited Operative
12 UL – Access Service Authorisation for Madhya Pradesh Bharti Airtel Limited Operative
13 UL – Access Service Authorisation for Maharashtra Bharti Airtel Limited Operative
14 UL – Access Service Authorisation for Mumbai Bharti Airtel Limited Operative
15 UL – Access Service Authorisation for Tamil Nadu  Incl. Chennai Bharti Airtel Limited Operative
16 UL – Access Service Authorisation for UP (West) Bharti Airtel Limited Operative
17 UASL – ASSAM Bharti Airtel Limited Operative
18 UASL – Bihar Bharti Airtel Limited Operative
19 UASL – Jammu & Kashmir Bharti Airtel Limited Operative
20 UASL – Orissa Bharti Airtel Limited Operative
21 UASL – UP (East) Bharti Airtel Limited Operative
22 UASL – West Bengal Bharti Airtel Limited Operative
23 UL – ILD (National Level) Bharti Airtel Limited Operative
24 UL – NLD (National Level) Bharti Airtel Limited Operative
25 UL – ISP Authorisation (Category A – National Area) Bharti Airtel Limited Operative
26 Authorization Certificate for In-Flight and Maritime Connectivity (IFMC) Service (National Service Area) Bharti Airtel Limited Operative
27 Authorization Certificate for In-Flight and Maritime Connectivity (IFMC) Service (National Service Area) Indo Teleports Limited Operative
28 UL – VNO ISP Authorisation (Category A – National Area) Bharti Airtel Limited Operative
29 UL – VNO ILD (National Level) Bharti Airtel Limited Operative
30 UL – VNO NLD (National Level) Bharti Airtel Limited Operative
31 UL – VNO VSAT Authorisation (National Area) Bharti Airtel Limited Operative
32 UL – VNO Resale of IPLC (National Area) Bharti Airtel Limited Operative
33 ISP Bharti Airtel Limited (erstwhile ABSPL i.e. Airtel Broadband Services Private Limited)1 Operative
34 UL – ISP Authorisation (Category A – National Area) Bharti Airtel Limited (erstwhile BDNPL i.e. Bharti Digital Networks Private limited)2 Operative
35 UL – Access Service Authorisation for Rajasthan Bharti Airtel Limited (erstwhile BDNPL i.e. Bharti Digital Networks Private Limited) 2 Operative
36 ILD (National Area) SingTel Global (India) Private Limited 3 Operative
37 NLD (National Area) SingTel Global (India) Private Limited 2 Operative
38 UL – VNO ISP Authorisation (Category A – National Area) SingTel Global (India) Private Limited 2 Operative
39 UL – CUG VSAT Authorisation (National Area) Hughes Communications India Limited4 Operative
40 UL – NLD (National Level) Hughes Communications India Limited4 Operative
41 UL – ISP Authorisation (Category A – National Area) Hughes Communications India Limited4 Operative
42 Authorization Certificate for In-Flight and Maritime Connectivity (IFMC) Service (National Service Area) Hughes Communications India Limited4 Operative
43 UL – VNO ISP Authorisation (Category A – National Area) Hughes Communications India Limited4 Operative
44 UL – VNO VSAT Authorisation (National Area) Hughes Communications India Limited4 Operative
45 UL – NLD (National Level) OneWeb India Communications India Private Limited5 Operative
46 UL – GMPCS (National Level) OneWeb India Communications India Private Limited5 Operative

On 11th April 2014, the Hon’ble High Court Bombay had sanctioned the scheme of amalgamation of Airtel Broadband Services Pvt. Limited (ABSPL) with Bharti Airtel Limited (Airtel). DoT vide its letter no. AS-21/1/2014-US (AS-V) dated 2nd February 2015, granted in-principle approval for taking on record the merger of the ISP License held by ABSPL holding access spectrum in 2300 MHz band in the LSAs of Delhi, Mumbai, Haryana and Kerala, with the Unified License/Unified Access Services (USA) License of Airtel in the respective LSAs, subject to fulfilment of conditions as stipulated in the said Approval letter. Certain conditions of the DoT in-principle approval letter were challenged by Airtel and ABSPL before the Hon’ble TDSAT vide TP No. 56 of 2015, wherein Hon’ble TDSAT vide interim order dated 9th February 2015 stayed/modified the impugned conditions, while permitting Airtel to operationalize the spectrum and directed DoT to take the merger on record. Subsequently, Airtel vide its letter no. RP/FY 14-15/037/092 dated 11th February 2015, filed its compliance with the conditions and requested DoT to take the merger on record. Thereafter, DoT vide its letter no. AS-21/1/2014-US (AS-V) dated 12th March 2015 and AS-21/1/2014-US (AS-V) dated 20th April 2015, permitted Airtel & ABSPL to proceed further in terms of the Hon’ble TDSAT’s interim order dated 9th February 2015 in TP no. 56 of 2015. The Hon’ble TDSAT, vide its judgment dated 19th March 2020 and 31st July, 2020 (“TDSAT Judgments”) quashed/ modified the impugned conditions and directed the DoT to take the merger on record. DoT has filed an appeal against the Hon’ble TDSAT Judgments and the same are pending adjudication.

M/s. Pastel Limited (which is holding more than 10% equity share in Bharti Airtel Limited) and M/s. SingTel Global (India) Private Limited (SGIPL) are the subsidiary companies of M/s. Singapore Telecommunications Limited. Since, SGIPL holds telecom licenses in India, we are providing the details of their licenses as an abundant cautions.

As on 31st March 2022 Bharti Airtel Limited holds 33.33% of equity share in Hughes Communications India Private Limited (‘Hughes’). Since Hughes also holds telecom licenses in India, we are providing the details of their licenses as an abundant caution.

 As on 31st March 2022, Bharti Airtel Limited through Nettle Infrastructure Investments Limited holds 100% equity shares of M/s OneWeb India Communications Private Limited (‘OneWeb’). Since OneWeb also holds telecom licenses in India, we are providing the details of their licenses as an abundant caution.

CT Bureau

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