Airtel, Vodafone, Idea Cellular, Reliance Jio Infocomm, Aircel, Reliance Communications and Telewings (Uninor) have won spectrum in 1800 Mhz band cumulatively for Rs 37,572.60 crore.
The move comes a day after Facebook acquires the mobile messenger for USD 19 billion.
The government will unveil the much-awaited guidelines for mergers and acquisitions in the telecom industry in about 10 days, Telecom Secretary MF Farooqui told reporters yesterday. These are key points that will find their way into the M&A guidelines, according to media reports.
The much-awaited guidelines for mergers and acquisitions of telecom companies are expected to be in place within 10 days.
The 2G auction is a big hit. After 10 days and 68 rounds the auctions drew to a close today. The centre has exceeded its target from the sale of spectrum. Total bids have crossed Rs 61,000 crore. This will fetch the government over Rs 18,000 crore this fiscal alone.
The bid value for spectrum - 900 Mhz and 1800 Mhz bands - has now reached over 90 percent of the money that government received in the 3G spectrum auction in 2010, although a larger quantum of radiowaves has been put on the block in the current round.
The spectrum usage charge (SUC), a bone of contention between leading GSM players and Mukesh Ambani-led Reliance Jio Infocomm, is levied annually as a percentage of revenue earned by telecom companies.
It is now clear that the Department of Telecommunications (DoT) will ask the TRAI to recommend a reserve price for CDMA spectrum within 15 days.
The M&A guidelines that have been okayed in principle include expeditious approval to merger proposals of telecom companies if their combined market share is up to 35 percent.
The government put in place a new Unified Licence regime earlier this month with the aim of freeing players from limitations on use of technology for services
MF Farooqui, secretary, ministry of heavy industries and public enterprises, says that in the long run, BHEL also needs to identify what possibilities exist for them to diversify.