India Spectrum Public sale 2024 Begins With 10,522.35 MHz Throughout 8 Bands

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India Spectrum Auction 2024 Starts With 10,522.35 MHz Across 8 Bands
The Indian authorities has commenced the spectrum public sale immediately at 10 am to boost telecommunications providers throughout India, the Ministry of communications mentioned. The Spectrum Public sale 2024 will see the participation from three Indian non-public telecom service suppliers: Bharti Airtel, Vodafone Thought, and Reliance Jio Infocomm. The overall spectrum being auctioned quantities to 10,522.35 MHz throughout numerous bands, valued at Rs 96,238.45 crore at reserve costs.

Additionally Learn: India Spectrum Public sale 2024: Particulars of Spectrum Put To Public sale

Bands Up for Public sale

“To enhance present telecom providers and keep continuity of providers, the federal government will maintain the spectrum public sale on Tuesday, 25 June 2024. That is consistent with authorities’s dedication to facilitate inexpensive, state-of-art prime quality telecom providers to all of the residents,” the federal government mentioned in an announcement on Tuesday.

The Ministry of Communications introduced that the next spectrum bands will go up for bidding within the upcoming public sale – 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz. To notice, The Division of Telecommunications (DoT) has initiated the Spectrum Public sale and Discover Inviting Purposes (NIA) was issued on 08 March, 2024.

The spectrum public sale features a complete of 10,522.35 MHz distributed throughout numerous frequency bands. Within the 800 MHz band, 118.75 MHz of spectrum is out there throughout 19 Licensed Service Areas (LSAs), valued at Rs 21,341.25 Crores at reserve costs.

The 900 MHz band gives 117.2 MHz of spectrum unfold over 22 LSAs, valued at Rs 15,619.6 Crores. Within the 1800 MHz band, 221.4 MHz of spectrum is split amongst 22 LSAs, with a complete worth of Rs 21,752.4 Crores.

The 2100 MHz band gives 125 MHz of spectrum throughout 15 LSAs, valued at Rs 11,810 Crores. For the 2300 MHz band, there are 60 MHz of spectrum obtainable in 6 LSAs, priced at Rs 4,430 Crores. Within the 2500 MHz band, 70 MHz of spectrum is unfold throughout 5 LSAs, with a complete worth of Rs 2,300 Crores.

The 3300 MHz band gives the most important chunk, with 1,110 MHz of spectrum throughout 22 LSAs, valued at Rs 16,251.2 Crores. Lastly, within the 26 GHz band, 8,700 MHz of spectrum is out there in 21 LSAs, priced at Rs 2,734 Crores. Total, the overall spectrum public sale is valued at Rs 96,238.45 Crores primarily based on reserve costs throughout all bands.

Highlights of the Spectrum Public sale:

Utilizing the Simultaneous A number of Spherical Ascending (SMRA) e-auction format, the method will assign spectrum for a interval of 20 years. Notably, profitable bidders could have the choice to pay in 20 equal annual instalments, sustaining the Web Current Worth (NPV) at an rate of interest of 8.65 p.c. Importantly, there can be no Spectrum Utilization Costs (SUC) for the acquired spectrum, the federal government mentioned.

Spectrum acquired by this public sale will be surrendered after a minimal interval of ten years. Forward of immediately’s stay public sale, mock auctions have been performed earlier this month to familiarise individuals with the e-auction platform. The Public sale Catalogue was revealed yesterday (June twenty fourth) to make sure accuracy in bidder knowledge.