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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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Spectrum auction: Reliance Jio acquires airwaves worth over Rs 57,000 crore

Spectrum auction: Reliance Jio biggest buyer, airwaves worth over Rs 77,000 cr sold
Jio acquired 488.35 MHz of airwaves, while Bharti Airtel acquired 355.45 MHz for Rs 18,699 crore.
BusinessToday.In | March 2, 2021 | Updated 19:39 IST
A total of 2,308.80 MHz spectrum in seven frequency bands was put to auction, including spectrum expiring up to December, 2021.
The government sold airwaves worth Rs 77,814.80 crore in the spectrum auction, with Reliance Jio emerging as the biggest buyer by acquiring spectrum worth Rs 57,122.65 crore.
In a release, the government said 855.60 MHz of airwaves were bought for Rs 77,814.80 crore in two days of auction, which concluded on Tuesday after six rounds of bidding. It had received bids of Rs 77,146 crore on the first day of spectrum auction on Monday. ....

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Half of telecom spectrum sold goes to Reliance Jio at Rs 57,122 crore

Read more about Half of telecom spectrum sold goes to Reliance Jio at Rs 57,122 crore on Business Standard. DoT may garner Rs 20,000 crore as upfront payment in FY21 ....

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Jio started preparations for 5G launch bought 57 thousand crores spectrum

Jio started preparations for 5G launch bought 57 thousand crores spectrum
naidunia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naidunia.com Daily Mail and Mail on Sunday newspapers.

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Telecom spectrum auction starts today. Here is what to expect

It would be interesting to see how much bandwidth the government would be able to sell, given the existing debt burden of over Rs 8 lakh crore for the industry and sufficient quantity of airwaves already held by the likes of Airtel and Vodafone Idea. ....

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