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

The telecom division on Friday concluded assignment of frequencies to prosperous bidders of not long ago-concluded auctions, and said Rs two,306.97 crore has been received before than envisioned from Reliance Jio and Bharti Airtel by assigning spectrum immediately, alternatively than at a scheduled later on date.

As element of the frequency assignment, the authorities approved the ask for of two telecom operators Bharti and Reliance Jio for assignment of immediately readily available unsold spectrum blocks in position of spectrum blocks in the exact band and circles assigned to them for later on dates, an formal release said.

“An quantity of Rs 2306.97 crore (Rs 157.38 crore from Bharti and Rs 2149.fifty nine crore from Reliance Jio) has been received immediately by the Federal government, alternatively than in August/ September, 2021,” it said.

The statement additional that the Office of Telecom (DoT) has properly concluded the assignment of frequencies to prosperous bidders of the spectrum auction 2021. Frequency assignment letters ended up issued to prosperous bidders on Friday.

The frequency assignment was accompanied by a frequency harmonisation exercising, whereby spectrum blocks assigned to Telecom Provider Vendors (TSPs) in the latest spectrum auction have been built contiguous with the spectrum blocks previously held by them, wherever doable, in several bands in various Certified Provider 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 spelled out that the harmonisation exercising facilitates a lot more effective utilisation of spectrum held by operators, primary to enhanced excellent of service for shoppers.

It is pertinent to point out in this article that 855.60 MHz of spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, and 2300 MHz bands ended up acquired by TSPs in the current round of spectrum auction, held in early March.

The quantity payable by the prosperous bidders for the overall quantity of spectrum acquired stood at Rs seventy seven,820.eighty one crore. Of this, an quantity of Rs 21,918.forty seven crore was received as upfront payment from the gamers on March 18, 2021, as for every the set phrases and situations.

Billionaire Mukesh Ambani’s Reliance Jio experienced invested the most in the auction, picking up 488.35 MHz spectrum in bands these as 800 MHz, 1800 MHz and 2300 MHz for around Rs fifty seven,a hundred crore.

Bharti Airtel received the appropriate to use spectrum of overall value of about Rs 18,seven hundred crore.

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

There ended up no takers for spectrum in seven hundred MHz and 2500 MHz bands in the most recent auctions.

(Only the headline and photo of this report may have been reworked by the Organization Standard workers the rest of the content is auto-created from a syndicated feed.)

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