Indian telcos - Jio, Airtel, Vodafone Idea applied for participation in upcoming spectrum auction
By MYBRANDBOOK
As per news source, the Indian telecom companies - Bharti Airtel, Reliance Jio and Vodafone Idea have applied for participation into Rs 3.92 lakh crore spectrum auction which will be starting from March 1.
In this round, 2,251.25 Megahertz (MHz) of spectrum will on auction in in seven frequency bands which are 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz 2100 Mhz, 2300 Mhz and 2500 Mhz -- at a cumulative base price of Rs 3.92 lakh crore.
"Bharti Airtel, Reliance Jio and Vodafone Idea have submitted applications (for the spectrum auction)," reported the news source.
Bharti Airtel's 12.4 MHz of spectrum in the 900 MHz band and 47 MHz in the 1800 MHz band, as well as Reliance Communications' 44 MHz of spectrum in the 800 MHz band will come up for renewal.
Vodafone Idea needs to renew 6.2 MHz of spectrum in the 900 MHz band and 38.2 MHz in the 1800 MHz band.
In the upcoming auction, the telecom operators may get the 900 megahertz band which is used for 4G services for less than half the price in several circles compared to the amount paid by telecos in previous auctions.
The base price in the 800 Mhz band has been lowered because spectrum in this band remained unsold in 15 of the 19 circles that were put for auction in 2016. Bids were received only for radiowaves in Gujarat, Punjab, Rajasthan and UP East.
As per ICICI Securities, in the upcoming auction the final price for 800 MHz spectrum is 18.5% lower than the October 2016 auction price, which should benefit the relevant operators.
The base price of spectrum in 1800 Mhz band and 2300 Mhz band has been fixed 14.5% and 17.5% higher than the October 2016 base price, according to ICICI Securities.
The Department of Telecom has also increased base price of 700 Mhz in North East and Jammu and Kashmir circles to Rs 34 crore compared to Rs 30 crore recommended by the telecom regulator Trai.
BREAKING NEWS
TECHNO TRENDS
Former Nokia legendary Rajeev Suri joins Inmarsat
Inmarsat, the global leader in mobile satellite communications, has appoint...
Uddhav Thackeray may announce lockdown due to increasing COVID
Amid the coronavirus cropping its head again in a few states of Maharashtra...
Indian edtech firm Vedantu acquires doubt-solving platform Ins
Vedantu, an India-based edtech firm has announced it has acquired doubt-so...
Mukesh Ambani's $3.4 billion deal with Future stalled
The Supreme Court halted regulatory approval for the Future Group's $3.4...
E-Magazine
TECHNOTAINMENT
Aditi Rao Hydari spills beans on her role in 'The Girl on the
Aditi Rao Hydari has managed a few hearts skip a beat till date, shall soo
Sachin Tendulkar to bat for Unacademy picks up strategic stake
Master Blaster Sachin Tendulkar has inked a multilayer partnership with Be
MOVERS & SHAKERS
HERE appoints Gino Ferru as Senior Vice President (SVP) and EM
HERE Technologies has announced the appointment of Gino Ferru as Senior V
Sunil Kalia appointed as Director, Professional Services and C
Cyber Situational Awareness firm, Vehere, is strengthening its team with th
OPEN YOUR EYES
INTERVIEWS
D-Link continues its efforts in bringing out innovative networ
D-Link is also focusing on ‘Make in India’; at present more than 45% of
Forcepoint offers a human-centric security approach to protect
As companies accelerate their digital transformation drive, more companies
HOT PICK
Microsoft debuts Surface Laptop Go in India at a starting pric
Microsoft announced the availability of the Surface Laptop Go in India f
SHARP Introduces the C-Cube IT - a Free to Fit Color Multifunc
SHARP, a wholly owned Indian subsidiary of SHARP Corporation, Japan known
MAKE IN INDIA BRANDS
Sterlite Technologies Ltd.
PAYTM- One97 Communications Ltd
RDP Workstations Pvt. Ltd.
Samsung India Electronics Pvt. Ltd.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
DHEERAJ PANDEY
Dheeraj is the Founder, CEO & Chairman of Nutanix. He brings a wealth ...
SANDIP PATEL, M.D. - IBM INDIA
Sandip Patel is the Managing Director of IBM India and General Manager...
ASHISH KUMAR CHAUHAN
Ashish kumar Chauhan is the MD & CEO of BSE (Bombay Stock Exchange), t...
CMO of the Year
Panel Discussion Session
Women leadership in Technology Sales
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
MOST TRUSTED BRANDS
