Telecom operators Bharti Airtel, Jio and Vi have deposited around Rs 1,100 crore towards spectrum acquired in the recent auctions, officials in the know said. The operators have paid the amount towards first-year installment. As per officials, Airtel has paid about Rs675 crore, Jio Rs97 crore and Vodafone Idea has paid around Rs346 crore for the spectrum acquired in the June auctions. Amount paid by Airtel and Vodafone Idea includes Rs85 crore and Rs 30 crore respectively, paid by the telcos when they got spectrum allotment for the interim period before auction. This comes after the department of telecommunications (DoT) on July 16 issued demand notices to the three telecom operators, asking them to pay for the spectrum purchased in the recently concluded auctions. The telecom operators have been given time till July 26 to make the payments either in 20 equal yearly installments, or settle the amount in one go. Telcos can also make a part payment upfront, which can be a multiple of complete years with a minimum of two years. None of the operators, however, opted for the upfront payment. In the spectrum auction in June, the government sold 141 MHz spectrum worth Rs11,340.8 crore. Going by the 10,523 MHz spectrum on sale, only 1.3% got sold. Bharti Airtel acquired the maximum airwaves, spending Rs6,857 crore. It bought a total of 97 MHz spectrum in the 900 MHz, 1800 MHz and 2100 MHz bands. Reliance Jio , which was expected to bid the maximum considering its earnest money deposit was the highest, turned out to be in the third position, even lower than Vodafone Idea. Jio spent Rs973 crore to buy just 14.4 MHz spectrum in the 1800 MHz band, whereas Vodafone Idea bought 30 MHz spectrum worth Rs 3,510 crore. Based on the 20-year installment period, for Airtel the yearly outgo will be Rs674.18 crore. Vodafone Idea will have to pay an yearly amount of Rs 345.15 crore, whereas for Jio the spends would come around Rs 96 crore, according to demand notices sent by DoT. None
Popular Tags:
Share This Post:
Today's Gold Rate: സ്വർണവിലയിൽ ഇന്നും മാറ്റമില്ല; നിരക്ക് അറിയാം
- by Sarkai Info
- August 27, 2024
![post](https://n.sarkariinfo.co.in/images/OgCPE1W8NK0.jpeg)
![post](https://n.sarkariinfo.co.in/images/MuBpUQQkoZ0.jpeg)
India and Singapore Elevate Strategic Partnership: New Pillars of Cooperation Unveiled
August 27, 2024What’s New
Spotlight
Today’s Hot
Featured News
Latest From This Week
To catch the IPO boom, law firms race to scale up capital markets practices
ARTICLE
- by Sarkai Info
- August 27, 2024
Gas demand uptick driven by power sector bumps up India’s LNG imports in April-July
ARTICLE
- by Sarkai Info
- August 27, 2024
India adds record 15 GW solar capacity during H1 2024: Mercom
BUSINESS
- by Sarkai Info
- August 27, 2024
Subscribe To Our Newsletter
No spam, notifications only about new products, updates.
Popular News
Top Picks
FSSAI withdraws order on milk products labelling
- August 26, 2024
India, Singapore pledge to cement ties in ’emerging areas’
- August 26, 2024
Will expand market: Digital lenders hail launch of ULI
- August 26, 2024