Spectrum auctions to start today, first time in 5 years
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Spectrum auctions to start today, first time in 5 years
Pankaj Doval / TNN / Updated: Mar 1, 2021, 13:03 IST
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NEW DELHI: The government will begin the auction of mobile telecom airwaves for the first time in five years from Monday as around 2,250MHz of spectrum worth nearly Rs 4 lakh crore at just the reserve price will be sold across various bands. The designated 5G sale will happen later.
The auctions will enable companies such as Airtel, Vodafone Idea and market leader Reliance Jio to augment their telecom holdings. They will also buy back replacement spectrum for certain airwaves, the term of which is ending soon.