Telcos Bid for Rs 11,000 Crore Value of Airwaves

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spectrum auction day 1 report telcos bid

The Spectrum Public sale Day 1 concluded on June 25, 2024. Based on the information printed by the Division of Telecommunications (DoT), on day 1, telcos bid for airwaves totalling Rs 11,000 crore. This implies it’s what each analyst and trade professional was anticipating, the telcos should not going to bid closely for airwaves. The main target of the telcos on Day 1 was on the 900 MHz, 1800 MHz, 2100 MHz, and 2500 MHz. A complete of 5 rounds of bidding occurred on Day 1, and the public sale will proceed on Day 2, which is at present, June 26, 2024.

The public sale is unlikely to proceed to Day 3 for bidding. Telcos have already got a lot of the airwaves they should deploy industrial 4G and 5G providers. For Airtel and Vodafone Thought (Vi), this public sale is primarily to get airwaves for telecom circles the place their current spectrum portfolio is expiring. The telecom operators will get the spectrum for 20 years, and they’ll have the choice to both pay in full instantly or pay it in instalments for 20 years with an rate of interest of 8.65%.

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

The federal government did not embrace the 600 MHz or 700 MHz airwaves on this public sale. In India, at the moment, solely Reliance Jio has entry to the 700 MHz band in all telecom circles. Jio acquired 10 MHz of airwaves within the 700 MHz band in all circles to supply 5G. It’s going to provide customers a superior protection expertise with 5G, not essentially very high-internet speeds.

The telcos have been asking the federal government to place the 6 GHz band into public sale as effectively. This mid-band will assist the telcos in providing higher 5G all through the nation and also will be essential for the rollout of 6G.

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

COAI mentioned, “COAI eagerly anticipates the profitable completion of 5G spectrum auctions. The 5G auctions will catalyze the speedy rollout of 5G providers throughout the nation, resulting in enhanced protection and vastly improved connectivity.”