Wednesday May 23, 2018
Home Business Spectrum auct...

Spectrum auction: Government eyes Rs 80,000 crore; call rates may rise

0
//
24
Republish
Reprint

By Newsgram  Staff  Writer

The Union Ministry of Communications & Information Technology is eyeing Rs 80,000 crore from the spectrum auction which started  Wednesday.

The 2100 MHz, 1800 MHz, 900 MHz and 800 MHz bands are up for grabs in the auction. The first day, 4th March 2015, saw six rounds of aggressive bidding from the telecom operators.

As of now, the bidders have come forward with bids worth approximately Rs 60,000 crore against Rs 49,000 crore, which was the value of provisionally won spectrum. The unsold spectrum would go on sale on 5th March 2015 at 9am.

The experts say that Government’s plans of fetching bids worth Rs 80,000 crore would be comfortably fulfilled since a number of permits held by major telecom operators are near their expiry. A total of 29 licenses are scheduled to expire in the current year.

telecom

With Airtel’s Sunil indicating that aggressive bidding would result in a rise in tariff, this auction may not bring in great news for the end consumers. Anil Ambani group’s Reliance Jio is being touted as the black horse in the race after it put in the highest earnest money (Rs 4,500 crore) among the operators. Idea Cellular currently holds 900 MHz bands in nine circles which are being auctioned. With most of its revenue coming from these circles, it would be interesting to see how far it is willing to go to retain them in its kitty.

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

itel Extends Partnership With Airtel

itel devices are available in retail stores across the country

0
//
14
itel Extends Partnership With Airtel
itel Extends Partnership With Airtel. IANS

China-based Transsion Holdings’ brand itel Mobile on Friday extended its partnership with Bharti Airtel under the latter’s “Mera Pehla Smartphone” initiative.

As part of the partnership, itel’s A44, A44 Pro and itel S42 devices will be available for customers at effective prices of Rs 3,999, Rs 5,399 and Rs 6,699, respectively, along with cashback coupons of Rs 1,800 from Airtel.

“We primarily believe in value addition and wish to offer the same to our users and potential customers,” Arijeet Talapatra, CEO, Transsion India, said in a statement.

itel devices are available in retail stores across the country.

The instant cashback coupons are available on “MyAirtel” app. (IANS)

Next Story