Business EconomyPosted at: Jun 26 2024 9:02PM


Muted response to telecom spectrum auction; govt garners Rs 11,340 cr

New Delhi, Jun 26 (UNI) In a muted response the telecom spectrum auction ended on second day with the government fetching only Rs 11,340 crore as against the base price of Rs 96,238.45 crore for the entire spectrum.
Airtel was the top bidder and bought spectrum for Rs 6856.76 crore followed by Vodafone Idea who spent Rs 3510.40 crore. While Reliance Jio Infocomm bought spectrum for only Rs 973.62 crore.
The expiring spectrum in 2024 and the unsold spectrum of previous Spectrum Auction held in 2022 were put to auction this year to meet spectrum requirement of Telecom Service Providers (TSPs) to ensure continuity and growth of the services, the DoT said in a official statement.
All the available spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, and 26 GHz bands were put to auction. This year auction has seen activity in 900MHz, 1800MHz, 2100MHz and 2500 MHz bands.
The Auction started on 25th June 2024 at 10:00 AM and concluded on 26th June 2024 at 11:45 AM after 7 rounds. As auction for 5G spectrum was held recently and 5G Monetization is still in progress, no bidding took place in 800MHz, 2300MHz, 3300MHz and 26GHz bands.
A total quantum of 141.4 MHz (26.5%) was sold from the balance 533.6 MHz Spectrum. This is despite the fact that a very large amount of spectrum i.e., 51.2 Ghz of spectrum was sold in August 2022.
All the three TSPs i.e., M/s Bharti Airtel Limited, M/s Reliance Jio Infocomm Limited and M/s Vodafone Idea Limited have successfully bid and taken spectrum in this auction also for growth and continuity of services. A total quantum of 141.4 MHz spectrum of worth Rs 11,340 Crores was sold, DoT said. UNI SKB AKS
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