Thursday, October 6, 2016
The Centre garnering Rs.65,789 crore in revenue through the auction of spectrum.
An upfront payment of Rs.32,000 crore to be received by the government in the current year is the highest in four years. Still the figure fall short of the budgetary target of Rs.64,000 crore for the current financial year. The auction ended on Thursday after five days and 31 rounds of bidding.
The Telecom Secretary J.S.Deepak said that the spectrum sold in this auction is more than the total spectrum sold in the last five years since 2012. Spectrum scarcity will no longer be a constraint for proving good quality services, he said.
Bharati Airtel said that it had acquired 73.8 MHz spectrum across 1800, 2100 and 2300 MHz bands for a total consideration of Rs.14,244 crore while Idea Cellular said it spent Rs.12,798 crore to acquire 349.2 MHz, Reliance Jio bought 269.2 MHz of spectrum in the 800 MHz, 1800 MHz and the 2300 MHz bands for Rs.13,672 crore.