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India News: Government approves the sale of spectrum across eight frequencies, including for railway and metro safety, with a reserve price of Rs 96,318 crore. Sp ....
Bharti Airtel and Vodafone Idea (Vi) merely have to renew airwaves worth only around Rs 4,200 crore and Rs 1,950 crore, respectively, while market leader Reliance Jio has no spectrum renewals this year. ....
The Indian Department of Telecommunications will not auction the 600 MHz spectrum in the upcoming 5G auction due to concerns about interference with satellite operations. The 600 MHz band, which costs Rs 3,927 crore per unit, was put on sale in August 2022 but found no takers. The DoT plans to conduct the next spectrum sale in March as permits of Bharti Airtel and Vodafone Idea expire in 2024 in certain areas. ....
Aircel, RCom lenders likely to challenge NCLAT order on spectrum sale The NCLAT order on spectrum sale may block transfer of Aircel and RCom spectrum to UVARCL and leave Indian and foreign banks with non-performing assets of around Rs 60,000 crore as claimed by the lenders PTI | April 19, 2021 | Updated 08:04 IST Lenders of debt-ridden telecom firms Aircel and Reliance Communications are planning to challenge the ruling of company law tribunal NCLAT over spectrum sale as they fear it will lead to NPAs of around Rs 60,000 crore claimed by them. The National Company Law Appellate Tribunal (NCLAT) in its order dated April 13 had ruled that the spectrum cannot be utilized without payment of requisite dues which cannot be wiped off by triggering CIRP (Corporate Insolvency Resolution Process) under I&B (Insolvency and Bankruptcy) Code . ....
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