Sunday, Jul 14 2024 | Time 12:54 Hrs(IST)
Business Economy

Govt to get about Rs 11000 cr based on day 1 of telecom spectrum auction

New Delhi, June 25 (UNI) The government will get about Rs 11,000 crore from sale of telecom spectrum on Day 1 as five rounds were completed and will continue on Wednesday (tomorrow).
The Government has put on sale 10,522.35 MHz of spectrum in various bands valuing Rs 96,238.45 crore at reserve prices. Spectrum band for which telecom operators participated on Day 1 include - 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz.
According to sources, the Government is expected to receive up to Rs 11000 crore from sale of spectrum till. They also added that operators have an appetite for spectrum to expand their services and improve quality amidst fierce competition.
If all spectrum is sold at base price the government will get Rs 96,238.45 crore, the DoT said in a statement before start of the auction. Auction will continue tomorrow and all days 5 rounds will be held depending upon the demand for airwaves.
The Government through the Department of Telecommunications proposed to assign the right to use certain specified radio spectrum frequencies in the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500MHz, 3300 MHz, and 26 GHz Bands by means of auction in various Licensed Service areas.
All three existing telecom operators – Jio Infocomm, Bharti Airtel and Vodafone Idea participated in the auction.
State owned e-auctioneer MSTC Limited (referred to as the “Auctioneer”) is advising the Government on this Auction. Administration of the e-auction shall also be the responsibility of MSTC Limited.
No Spectrum Usage Charge (SUC) is payable on spectrum acquired through this auction and the spectrum will for a period of 20 years from the date of its allocation.
All spectrum unsold in previous auctions and spectrum available due to closure of some operations has been up for sale through this auction.
A single auction is being carried out for assigning Spectrum blocks in various bands viz. 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, and 26 GHz Bands.
Successful Bidders shall deposit the Successful Bid Amount i.e., full amount or part upfront payment amount or first instalment in case of deferred payment option within ten (10) calendar days from the issuance of Demand Notice by DoT, failing which the EMD shall stand forfeited.
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