Built Business Tough

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

The telecom department on Friday completed assignment of frequencies to thriving bidders of not long ago-concluded auctions, and mentioned Rs 2,306.97 crore has been received before than anticipated from Reliance Jio and Bharti Airtel by assigning spectrum immediately, relatively than at a scheduled later on day.

As section of the frequency assignment, the federal government recognized the request of two telecom operators Bharti and Reliance Jio for assignment of immediately accessible unsold spectrum blocks in spot of spectrum blocks in the very same band and circles assigned to them for later on dates, an official release mentioned.

“An sum of Rs 2306.97 crore (Rs 157.38 crore from Bharti and Rs 2149.59 crore from Reliance Jio) has been received immediately by the Authorities, relatively than in August/ September, 2021,” it mentioned.

The statement included that the Office of Telecom (DoT) has properly completed the assignment of frequencies to thriving bidders of the spectrum auction 2021. Frequency assignment letters were being issued to thriving bidders on Friday.

The frequency assignment was accompanied by a frequency harmonisation workout, whereby spectrum blocks assigned to Telecom Assistance Companies (TSPs) in the recent spectrum auction have been designed contiguous with the spectrum blocks previously held by them, wherever doable, in many bands in various Licensed Assistance Spots (LSAs), it educated.

“The harmonisation of spectrum was completed 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 mentioned.

DoT explained that the harmonisation workout facilitates extra economical utilisation of spectrum held by operators, top to improved excellent of services for customers.

It is pertinent to point out listed here that 855.60 MHz of spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz bands were being acquired by TSPs in the current round of spectrum auction, held in early March.

The sum payable by the thriving bidders for the whole amount of spectrum acquired stood at Rs 77,820.81 crore. Of this, an sum of Rs 21,918.47 crore was received as upfront payment from the players on March 18, 2021, as for each the established phrases and circumstances.

Billionaire Mukesh Ambani’s Reliance Jio experienced expended the most in the auction, buying up 488.35 MHz spectrum in bands these as 800 MHz, 1800 MHz and 2300 MHz for about Rs 57,100 crore.

Bharti Airtel received the appropriate to use spectrum of whole worth of about Rs 18,700 crore.

For Vodafone Idea, the worth of spectrum acquired in auctions was pegged at Rs one,993.4 crore.

There were being no takers for spectrum in 700 MHz and 2500 MHz bands in the most current auctions.

(Only the headline and image of this report may possibly have been reworked by the Small business Common employees the rest of the material is vehicle-generated from a syndicated feed.)

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