The auction of telecom spectrum ended yesterday with
total bids of 77 thousand eight hundred 14 crore 80 lakh rupees for the
airwaves. Telecommunications Secretary Anshu Prakash said, incremental
bids for 668.20 crore rupees were made on the second and concluding day
of Spectrum Auction. The e-auction was based on Simultaneous Multiple
Round Ascending Auction (SMRA) methodology.
Mr Prakash informed that bidding took place for spectrum in 800
Megahertz, 900 Megahertz, 1,800 Megahertz, 2,100 Megahertz and 2,300
Megahertz bands. The total quantity of spectrum for which right to use
has been acquired in these bands is 855.60 Megahertz. The participants
did not bid in 700 Megahertz and 2,500 Megahertz bands. Four rounds of
bidding, two each with stipulated activity levels of 80 per cent and 90
per cent took place on March 1. Two rounds of bidding with stipulated
activity level of 100 per cent took place on March 2.
Three bidders, Bharti Airtel Limited, Vodafone Idea Limited and Reliance
JioInfocomm Limited participated in the auction. A total quantity of
2,308.80 Megahertz spectrum was put to auction, including spectrum that
is expiring up to December this year. Reliance Jio was the biggest
bidder acquiring 488.35 Megahertz of spectrum for over 57 thousand 1
hundred 22 crore rupees. Bharti Airtel bid for 355.45 Megahertz of
spectrum for over 18 thousand 6 hundred 98 crore rupees.
Vodafone Idea bid for 11.80 Megahertz of airwaves for over 1 thousand 9
hundred 93 crore rupees. Spectrum Usage Charges for the spectrum
acquired in this auction will be payable at the rate of three per cent
of Adjusted Gross Revenue of the licensee, excluding revenue from
wireline services.
Ministry of Communications said, the
auction has concluded and the provisional results are subject to
scrutiny and approval by the government. It said, with the deployment of
additional spectrum acquired in this auction in the networks of Telecom
Service Providers, the Quality of Service and customer experience of
telecom consumers across the country are expected to improve.
Social media is bold.
Social media is young.
Social media raises questions.
Social media is not satisfied with an answer.
Social media looks at the big picture.
Social media is interested in every detail.
social media is curious.
Social media is free.
Social media is irreplaceable.
But never irrelevant.
Social media is you.
(With input from news agency language)
If you like this story, share it with a friend!
We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure
0 Comments