Diabytes
Spectrum Auction News
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The decision is expected to offer significant relief to leading telecom companies, especially Vodafone Idea, which collectively owe over Rs 30,000 crore in bank guarantees to the government.
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The comments/counter comments may be sent, preferably in electronic form on the email ID: advmn@trai.gov.in.
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Ministry of Communications on Tuesday said that the spectrum auction 2021 fetched bids worth Rs 77,814.80 crore.
It was according to them 'better than expected'.
The second and the concluding day of the spectrum auction witnessed incremental bids for Rs 668.20 crore.
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The opening day of spectrum auction fetched bids worth Rs 77,146 crore
The participating companies include Reliance Jio, Bharti Airtel and Vodafone Idea
The government said the response was better than they expected
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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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The DoT has selected 4 bidders on auctioneer-- agency that will develop and manage software for the auction.
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Telecom Minister Ravi Shankar Prasad had said he hoped to complete the auction in the current calendar.
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The Department of Telecom had recommended her extension from August 1 to the Appointments Committee of the Cabinet and she is likely to get a three-month extension, said the sources. She had joined DoT as secretary in June 2017.
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The 5G committee of the telecom ministry has said about 6,000 Mhz of spectrum can be made available without delay for the next generation mobile service.
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Trai, in August this year, had recommended rules and prices for the next round of spectrum auction that included radiowaves for 5G mobile services and other bands.
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The advent of 5G is seen as the next technological frontier, and India is positioning itself as a globally synchronised player in the design, development and manufacturing of 5G-based technology, products and application.
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Telecom regulator Trai expects to start the consultation process for the next round of spectrum auction in about a fortnight.
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Cellular operators' body COAI has said the government should not rush to spectrum auction this year and instead, allow the market to settle down in the wake of recent mergers and acquisitions.
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The government has no immediate plan to provide telecom companies with an option to buy spectrum annually, Telecom Minister Manoj Sinha said.
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The government's proposal to auction spectrum every year has got a backer in Bharti Airtel Chairman Sunil Bharti Mittal, who however has said there is no need for sale of airwaves in coming fiscal.
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The government is looking at making spectrum auction an annual event and will reach out to sectoral regulator Trai for its recommendations, Telecom Secretary JS Deepak on Tuesday said.
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Supreme Court made it clear that T Ananda Krishnan, Ralph Marshall of Malaysia's Maxis Group against whom summons were issued in Aircel-Maxis case must appear.
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Investments in network expansion, coupled with competition putting a pressure on pricing led the third largest telco Idea Cellular to report a huge decline in the September quarter net profit at Rs 90 crore.
Telecom operators Vodafone and Tata Teleservices Wednesday made payments of Rs 10,100 crore and Rs 2,300 crore, respectively, to the government for spectrum they bought in the recently-concluded auction.
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