Diabytes
4G spectrum News
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A total of 2251.25 MHz is being offered.
Total valuation of Rs. 3,92,332.70 crore.
Successful bidders may pay entire bid amount in one go.
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The government is planning to sell around 7,000 megahertz of radio waves in the auction.
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Chairman and MD P.K. Purwar said, "Telecom sector is also going through a challenging phase which all operators are finding very challenging financially because of the very competitive tariff. BSNL has legacy issues as well, particularly the large manpower base which we are addressing through a revival package."
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BSNL is getting spectrum in the 2,100 MHz band, he said, adding it will get around 10 MHz of the radio waves.
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Vodafone India is set to launch its high-speed 4G service in Mumbai on Wednesday following the roll-out in Delhi-NCR last week.
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This acquisition will give Airtel hold of additional 20 Mhz broadband wireless spectrum which Augere acquired for Rs 124.66 crore.
The successful bidders were given five years time to roll-out the 4G services by July 2015.
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