Spectrum auction begins today, 8 companies in fray
Zee Media Bureau
New Delhi: Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction on Monday, from which the government expects to garner at least Rs 11,300 crore.
The Department of Telecom has put on the block around 385 MHz of radiowaves in the 1800 MHz band, and 46 MHz in the 900 MHz band.
DoT has reduced the quantum of spectrum to be sold in 1800 MHz band in 10 circles, including Delhi, Kolkata and Mumbai, from about a total of 403 MHz planned earlier.
The final list of bidders also includes Idea Cellular, Telewings (Uninor), Reliance Communications (RCom), Tata Teleservices and Aircel.
Three companies, meanwhile, have been found to be ineligible for bidding in certain service areas. Vodafone India will not be able to bid in seven circles, RCom in eight and Tata Teleservices in Delhi.
The government has to conduct this third round of spectrum auction following a Supreme Court order in 2G case directing that all the radiowaves freed from the cancellation of 122 licences in February 2012 should be auctioned.
Besides, 900 Mhz has to be auctioned as some of the radiowaves in this band are held under old telecom licences which will start expiring from November 2014.
With PTI Inputs