As much as 2,354.55 Mhz of frequencies are being put up for auction in seven bands - 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz. The radiowaves can be used for 2G, 3G and high-speed 4G mobile services. Reliance Jio, Vodafone, Bharti Airtel, Idea Cellular, Tata Teleservices, Reliance Communications and Aircel are in the fray for the spectrum auction.
Telecom Secretary JS Deepak has said that after this auction the "problem of spectrum scarcity affecting quality of service will be history." He had advised the operators to "tank up" the radiowaves to bridge shortfall in their holdings as the next such sale may not happen for "quite some time".
The premium 700 MHz band is to be auctioned at a reserve price of Rs. 11,485 crore per Mhz. The cost of delivering mobile services in this band is estimated to be around 70 per cent lower than 2100 MHz band used for providing 3G services. The 700 Mhz band alone has the potential to fetch bids worth over Rs. 4 lakh crore.
Leading telecom operators have deposited Rs. 14,653 crore as earnest money for the spectrum auction with Reliance Jio alone submitting Rs. 6,500 crore as earnest money deposit.
(And get your daily news straight to your inbox)
The Reserve Bank of India (RBI) has on Tuesday extended the withdrawal limit of cash
A four-tier structure for Goods and Services Tax (GST) comprising a lower rate of 6 p
India climbed 16 positions this year to occupy the 39th spot in the global competitiv
It was in 1924, during British raj, that the Railways began to have a separate budget