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Bids worth Rs 77K crore received for auction of spectrum: Telecom Minister Ravi Shankar Prasad
The first day of the much anticipated telecom auctions attracted Rs 77,146 crore of bids, said Telecom Minister Ravi Shankar Prasad.
| 2 March 2021 5:41 AM GMT
NEW DELHI: The first day of the much anticipated telecom auctions attracted Rs 77,146 crore of bids, said Telecom Minister Ravi Shankar Prasad.
Bidding took place for spectrum in 800 MHz, 900 Mhz, 1,800 MHz, 2,100 MHz and 2,300 MHz bands. However, the participants did not bid in 700 MHz abd 2,500 MHz bands.
Reliance Jio, Bharti Airtel and Vodafone Idea were the bidders in the latest auction against seven bidders in the previous auctions in 2016.
Updated Mar 02, 2021 | 18:41 IST
At Rs 57,122 crore, Reliance Jio emerged as the largest bidder followed by Bharti Airtel which placed bids worth Rs 18,698.75 crore and Vodafone Idea Ltd (Vi) picked up Rs 1,993.40 crore worth airwaves. First 4G spectrum auction in 4 years garners Rs 77.8K crore; Jio bids big | Photo Credit: BCCL
Key Highlights
Bids worth Rs 77,814.40 cr were received in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands. There were no takers for the premium 700 and 2500 MHz bands
DoT aimed to raise Rs 3.92 lakh crore through the spectrum sale
India’s first 4G spectrum auction in almost five years which began on Monday garnered Rs 77,814.80 crore from telecom companies over two days. Telecom Department Secretary Anshu Prakash said spectrum auctions were concluded at 12.45 pm on Tuesday after six rounds of bidding.