Spectrum auction: Bharti Airtel emerges top buyer followed by Vodafone Idea, Reliance Jio
Centre announced that it received Rs.11,340 crore through the auction of a total quantum of 141.4 MHz spectrum. This year, the auction has seen activity in 900MHz, 1800MHz, 2100MHz, and 2500 MHz bands.
The unsold spectrum will again be put to auction next time, said the ministry.
Bharti Airtel and Vodafone Idea successfully renewed their expired spectrum in 900 MHz and 1800 MHz bands and further, an additional quantum of 87.2 MHz worth Rs.6164.88 cr has been acquired by TSPs to augment their services.
Gainers of the spectrum
- Bharti Airtel spent Rs.6,856.76 crore to buy spectrum in 900 MHz, 1800 MHz and 2100 MHz bands.
- Vodafone Idea spent Rs.3,510.40 crore.
- Reliance Jio Infocomm spent Rs.973.62 crore.
The expiring spectrum in 2024 and the unsold spectrum of the previous Spectrum Auction held in 2022 were put to auction this year to meet the spectrum requirement of Telecom Service Providers (TSPs) to ensure continuity and growth of the services.
The spectrum demand concentrated on 900 MHz and 1,800 MHz bands in the Rs.96,000 crore worth auction put up by the government.
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