DoT get bids worth Rs. 65789 crore for spectrum auctions
Keeping up with the competition in the telecom sector, the Department of Telecom (DoT) has announced the winners of the spectrum auctions.
The Department of Telecom (DoT) has announced the winners in the spectrum auctions in various circles. The auctions, which ended after 5 days and 31 rounds, garnered bids worth Rs. 65789 crore for the 964.8 MHz of radio waves in the 700 MHz, 800 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands.
While many operators bid for the 2300 MHz bands, the 700 MHz bands were ignored due to the high starting prices. Vodafone alone is said to have spent Rs. 20200 crore for acquiring a total of 82.6 MHz FDD and 200 MHz TDD spectrum across 1800 MHz, 2100 MHz and 2500 MHz bands across the country.
Similarly, Airtel won a massive 173.8 MHz spectrum across 1800 MHz, 2100 MHz and 2300 MHz bands for Rs. 14244 crore, thereby securing it 3G and 4G spectrum in all circles across India. Other major winners in the auction were new-entrant Reliance Jio, Idea and Tata Teleservices.