Business Environment

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

The telecom section on Friday done assignment of frequencies to productive bidders of recently-concluded auctions, and said Rs two,306.ninety seven crore has been obtained previously than envisioned from Reliance Jio and Bharti Airtel by assigning spectrum right away, instead than at a scheduled afterwards date.

As component of the frequency assignment, the governing administration approved the ask for of two telecom operators Bharti and Reliance Jio for assignment of right away available unsold spectrum blocks in location of spectrum blocks in the similar band and circles assigned to them for afterwards dates, an formal release said.

“An quantity of Rs 2306.ninety seven crore (Rs 157.38 crore from Bharti and Rs 2149.fifty nine crore from Reliance Jio) has been obtained right away by the Government, instead than in August/ September, 2021,” it said.

The statement included that the Department of Telecom (DoT) has effectively done the assignment of frequencies to productive

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