Home / News / India’s Largest Spectrum Auction Rs 5.63 Lakh Crore Starts – Jio/ Aritel/ Vodafone/ Idea

India’s Largest Spectrum Auction Rs 5.63 Lakh Crore Starts – Jio/ Aritel/ Vodafone/ Idea

New Delhi: Watch Live Spectrum Auction starts on 1st October 2016. The Telecom Giants ie Reliance Jio, Vodafone, Idea Cellular and Bharti Airtel are ready to bid on 2G/ 3G/ 4G airwaves. This is very much crucial spectrum action for the next generation telecom services in India. As per the notice – the timing on auction start from 9AM to 7PM every day except first day of spectrum start from 10AM onwards. The users can’t watch LIVE SPECTRUM AUCTION on TV or INTERNET due to policy.

Spectrum Auction Rates (Band Wise).

The Government has fixed a pan-India reserve price of Rs 2,873 crore for spectrum in 1,800 MHz band, Rs 3,341 crore for 900 MHz, Rs 5,819 crore for 800 MHz, Rs 3,746 crore for 2,100 MHz, Rs 11,485 crore for 700 MHz and Rs 817 crore each for 2,300 MHz and 2,500 MHz bands.

Tata Teleservices, Reliance Communications and Aircel are also in the race for buying spectrum.

The 2,354.55 megahertz (MHz) of frequencies are being put up for auction in seven bands — 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz, 2300 Mhz and 2500 MHz. The radiowaves can be used for 2G, 3G and high-speed 4G mobile services. The Reliance Jio, Airtel and RCom have pan-India 4G spectrum, Vodafone and Idea Cellular have an opportunity to bid for airwaves to expand their 4G service footprint for competitive advantage in the market.

Idea has 4G spectrum in 10 out of 22 telecom circles in the country. Vodafone, which has just brought in Rs 47,700 crore equity investment from its parent firm, has spectrum for 4G services in 9 telecom circles.

A company interested in buying spectrum in 700 Mhz band will need to shell out a minimum of Rs 57,425 crore for a block of 5 Mhz on a pan-India basis. This band alone has the potential to fetch bids worth over Rs 4 lakh crore.

Jio is only company in this auction which is eligible to bid for pan-India spectrum in 700 Mhz band.

Source The Economics Times

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