DoT to Elevate Demand Notice for Telcos to Pay for Spectrum this Week: Report

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dot to raise demand note for telcos

The Division of Telecommunications (DoT) is predicted to lift a requirement be aware asking telcos to pay for the spectrum they acquired within the current auctions. The telecom division concluded a profitable spectrum public sale final month. The public sale began on June 25 and concluded the subsequent day on June 26, 2024. All of the three non-public telecom operators within the nation, together with Bharti Airtel, Vodafone Concept (Vi), and Reliance Jio, participated within the auctions.

The telcos had a fairly muted participation this time. Regardless, for the quantity of spectrum they acquired, the federal government is quickly going to lift a requirement be aware in order that telcos can begin paying up, stated a PTI report.

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Bharti Airtel turned out to be the most important bidder within the auctions. A complete of Rs 11,341 crore price of spectrum was bought by the federal government, of which Airtel cornered 60%. Jio spent the least cash because it solely acquired further spectrum within the 1800 MHz band in two circles. Vodafone Concept spent greater than Jio because it needed to renew expiring spectrum licenses and likewise get the sub-GHz band spectrum for bettering protection in a number of circles.

Learn Extra – Jio, Airtel, and Vi: Advance Recharge Guidelines

The federal government will give telcos two choices. Both they’ll pay up the total quantity instantly, and keep away from any curiosity on it. Or they’ll pay it in equal instalments for as much as 20 years. For the reason that quantity is low this time, telcos would possibly simply pay up the total quantity upfront to keep away from curiosity funds. Airtel has been prepaying spectrum dues from the earlier auctions and can doubtless pay up now as nicely. Jio’s quantity has been the least, below Rs 1000 crore, and could be paid by the telco comfortably.

It is going to be attention-grabbing to see what Vodafone Concept will do right here because the telco has just lately raised loads of capital.