Govt mops up Rs 149,855 crore at finish of day 4 of spectrum auctions; to proceed Sat from spherical 24 – ET Telecom

govt mops up rs 149 855 crore at end of day 4 of spectrum auctions to continue sat from round 24


Govt mops up Rs 149,855 crore at end of day 4 of spectrum auctions; to continue Sat from round 24

New Delhi: The federal government added one other Rs232 crore to its kitty from India’s first 5G spectrum public sale on Friday, taking its whole proceeds to Rs 149,855 crore on the finish of day 4, pushed totally by the battle for the 1800 MHz in UP (East) which ensured that the motion will now transfer into day 5.

The fourth day of the sale noticed seven extra rounds of bidding. Day 5 will begin from spherical 24, with some business watchers anticipating the sale to go onto Monday.

Telcos had bid for airwaves value Rs 149,623 crore on the finish of day three. The earlier file of presidency assortment from spectrum auctions was Rs 1.09 lakh crore in 2015.

On this 12 months’s public sale, the federal government supplied a shade over 72 GHz of airwaves for 20 years throughout 10 5G bands value Rs 4.3 lakh crore at reserve costs. Thus far, over 40% of the spectrum on sale has been bid for.

On provide are low-band airwaves (600 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz), mid band or C-band (3.3-3.67 GHz), and excessive band (26 GHz).

The dear however super-efficient 700 MHz band noticed bidding for the primary time on this public sale, with Jio stated to have purchased 10 MHz of the airwaves throughout India, spending Rs39,270 crore. The band had gone unsold within the final two auctions as a consequence of what carriers stated was its excessive value. For this sale, the speed was minimize by 40%.



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