Connect with us

Headlines of the Day

Spectrum auction final bidders list released-Are 3, Airtel, Jio, Vi

The Department of Telecommunications has released the list of final bidders for the spectrum auction in various band categories. 10,523.15 MHz of 5G airwaves worth Rs 96,317.65 crore in eight key bands are being auctioned.

Bharti Airtel, Vodafone Idea, and Reliance Jio Infocomm are the only ones who have deposited the Earnest Money. Airtel has deposited Rs 1,050 crore, Vodafone Idea Rs 300 crore, and Reliance Jio Infocomm Ltd Rs 3,000 crore.

The Department of Telecommunications has allocated eligibility points to Airtel at 7,613, Vodafone Idea at 2,200 points, and Reliance Jio at 21,363 points.

The department had put up an auction of airwaves in the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, and 26 GHz bands. However, premium 5G airwaves in the 700 MHz band were not auctioned as supplies have run out this time.

Airtel needs to renew its airwaves in J&K, Odisha, Bihar, UP (East), West Bengal and Assam. Vodafone Idea must renew its spectrum in West Bengal and UP West circles.

Companies whose licenses and spectrum expire in 2024 and who do not hold any spectrum, bought through previous auctions in a particular circle or band will be treated as new entrants in the sale.

The net worth eligibility for bidders has been pegged at Rs 100 crore per LSA, with Jammu & Kashmir and Northeast circles being exceptions at Rs 50 crore.

CT Bureau

Click to comment

You must be logged in to post a comment Login

Leave a Reply

Copyright © 2024 Communications Today

error: Content is protected !!