May 18, 2024

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DoT gets Rs 2,307 cr from Jio, Airtel by assigning spectrum immediately

The telecom department on Friday accomplished assignment of frequencies to profitable bidders of a short while ago-concluded auctions, and said Rs 2,306.ninety seven crore has been been given earlier than anticipated from Reliance Jio and Bharti Airtel by assigning spectrum promptly, relatively than at a scheduled later date.

As portion of the frequency assignment, the governing administration recognized the ask for of two telecom operators Bharti and Reliance Jio for assignment of promptly available unsold spectrum blocks in place of spectrum blocks in the same band and circles assigned to them for later dates, an official release said.

“An volume of Rs 2306.ninety seven crore (Rs 157.38 crore from Bharti and Rs 2149.59 crore from Reliance Jio) has been been given promptly by the Authorities, relatively than in August/ September, 2021,” it said.

The assertion included that the Office of Telecom (DoT) has productively accomplished the assignment of frequencies to profitable bidders of the spectrum auction 2021. Frequency assignment letters were issued to profitable bidders on Friday.

The frequency assignment was accompanied by a frequency harmonisation physical exercise, whereby spectrum blocks assigned to Telecom Assistance Providers (TSPs) in the current spectrum auction have been manufactured contiguous with the spectrum blocks now held by them, where ever attainable, in several bands in unique Accredited Assistance Parts (LSAs), it informed.

“The harmonisation of spectrum was achieved in 19 LSAs in 800 MHz band, 8 LSAs in 900 MHz band, 21 LSAs in 1800 MHz band, 3 LSAs in 2100 MHz band, and 16 LSAs in 2300 MHz band,” it said.

DoT described that the harmonisation physical exercise facilitates additional successful utilisation of spectrum held by operators, major to enhanced top quality of provider for buyers.

It is pertinent to mention right here that 855.60 MHz of spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz bands were acquired by TSPs in the the latest round of spectrum auction, held in early March.

The volume payable by the profitable bidders for the complete quantity of spectrum acquired stood at Rs 77,820.81 crore. Of this, an volume of Rs 21,918.forty seven crore was been given as upfront payment from the gamers on March eighteen, 2021, as per the set conditions and conditions.

Billionaire Mukesh Ambani’s Reliance Jio experienced used the most in the auction, choosing up 488.35 MHz spectrum in bands such as 800 MHz, 1800 MHz and 2300 MHz for over Rs 57,100 crore.

Bharti Airtel gained the suitable to use spectrum of complete benefit of about Rs eighteen,700 crore.

For Vodafone Concept, the benefit of spectrum bought in auctions was pegged at Rs 1,993.four crore.

There were no takers for spectrum in 700 MHz and 2500 MHz bands in the newest auctions.

(Only the headline and image of this report may possibly have been reworked by the Business Common workers the relaxation of the written content is auto-generated from a syndicated feed.)

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