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Cabinet approves telecom spectrum auctions at base price of Rs 96,317.65 crore

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the auctioning of spectrum in eight different bands for mobile phone services. The base price for this auction is set at Rs 96,317.65 crore. These bands include 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz, and 26 GHz frequencies. The spectrum will be available for a validity period of 20 years, and a total of 10,523.15 MHz is being offered for auction, with an estimated value of Rs. 96,317.65 crore, according to an official statement. ....

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Govt Looking To Begin Annual Auctions Of Telecom Spectrum, Real-Time Trading: Report

Govt Looking To Begin Annual Auctions Of Telecom Spectrum, Real-Time Trading: Report
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

Telecom Regulatory Authority Of India , Prime Minister , Telecom Regulatory Authority , Telecom Industry , Telecom Spectrum , Telecom Spectrum Auctions ,

Telecom: Rs 77,146 cr worth bids received on day 1: All you need to know about ongoing spectrum auctions

Updated Mar 02, 2021 | 10:56 IST
During the Monday session, roughly 2,308.80 Mhz of spectrum – carrying telecom signals across seven bands and valued at almost Rs 4 lakh crore (at the reserve or start price) – was available for auction.
Representational image. | Photo Credit: iStock Images
Key Highlights
While the breakup of the bids was not available immediately, it is worth noting that Reliance Jio Infocomm made an earnest money deposit (EMD) of Rs 10,000 crore with Bharti Airtel and Vodafone Idea making deposits of Rs 3,000 crore and Rs 475 crore respectively
Bids were, reportedly, received in the 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz and 2300 Mhz bands but the premium 700 Mhz band remained untouched on the first day ....

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India reaps a bounty on the first day of spectrum auctions – but it's a lot less than what the government wanted

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India reaps a bounty on the first day of spectrum auctions – but it s a lot less than what the government wanted
India reaps a bounty on the first day of spectrum auctions – but it s a lot less than what the government wanted
Rounak JainMar 2, 2021, 13:46 IST
Representative imageUnsplash
The Indian government reaped a record ₹77,000 crore on the first day of 2021 telecom spectrum auctions.
There are two positives for the government – its strike rate has drastically improved, and the value sold so far is the second highest in spectrum auctions so far.
However, the total sales are still a lot lower than what the government would have wanted. ....

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