Telcos place Rs 11,000 crore bids for spectrum
Telcos place Rs 11,000 crore bids for spectrum
NEW DELHI: The auction of radio waves used for mobile services saw a muted opening on Tuesday, with five rounds attracting bids worth about Rs 11,000 crore from telecom companies.
Govt has put over 10,500Mhz spectrum in eight frequency bands - 800MHz, 900MHz, 1,800MHz, 2,100MHz, 2,300MHz, 2,500MHz, 3,300MHz and 26GHz, valued at Rs 96,238 crore at base price, for auction.
Reliance Jio, Bharti Airtel and Vodafone Idea (VIL) are vying for the radio waves crucial for high-speed 5G mobile services in these auctions, which are being held after a gap of nearly two years.
As per the day one spectrum auction report issued by the Department of Telecom, bidding took place mainly in the 900 and 1800 Mhz bands. The operator also placed bids for the 2100 Mhz band spectrum in three circles.
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