September 24, 2023

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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 bidders of the spectrum auction 2021. Frequency assignment letters were being issued to productive bidders on Friday.

The frequency assignment was accompanied by a frequency harmonisation work out, whereby spectrum blocks assigned to Telecom Service Providers (TSPs) in the current spectrum auction have been produced contiguous with the spectrum blocks already held by them, where ever possible, in various bands in diverse Accredited Service Regions (LSAs), it knowledgeable.

“The harmonisation of spectrum was achieved in 19 LSAs in 800 MHz band, eight 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 stated that the harmonisation work out facilitates extra productive utilisation of spectrum held by operators, primary to enhanced excellent of services for shoppers.

It is pertinent to point out below that 855.sixty MHz of spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz bands were being obtained by TSPs in the modern spherical of spectrum auction, held in early March.

The quantity payable by the productive bidders for the complete amount of spectrum obtained stood at Rs seventy seven,820.81 crore. Of this, an quantity of Rs 21,918.47 crore was obtained as upfront payment from the gamers on March 18, 2021, as for each the established terms and problems.

Billionaire Mukesh Ambani’s Reliance Jio experienced expended the most in the auction, selecting up 488.35 MHz spectrum in bands these kinds of as 800 MHz, 1800 MHz and 2300 MHz for in excess of Rs fifty seven,one hundred crore.

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

For Vodafone Thought, the worth of spectrum purchased in auctions was pegged at Rs one,993.four crore.

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

(Only the headline and photo of this report may perhaps have been reworked by the Enterprise Conventional staff members the rest of the articles is auto-created from a syndicated feed.)

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