The regulator has also sought views on modifying minimum spectrum rollout obligations following consumer complaints about coverage gaps on highways, train routes and rural areas
Union Communication Minister Jyotiraditya Scindia says that Indian mobile tariffs remain the lowest in the world, outlines the government's plans for the telecom sector and how India's 4G Stack can be an alternative to Chinese tech globally in an exclusive interview to Moneycontrol.
The latest release harmonises the frequencies, giving Vi a contiguous 30 MHz across the country, a long-sought improvement that should bolster its 4G network.
In the recent spectrum auction, which concluded on June 26, Bharti Airtel made a substantial investment, acquiring 97 MHz of 5G airwaves worth Rs 6,856.76 crore. Vodafone Idea also made a notable purchase, securing 30 MHz of 5G spectrum for Rs 3,510.40 crore.
The auction got a muted response, as only 1.34 percent of the available spectrum was purchased. Out of the 10,523 MHz up for sale, telcos acquired 141 MHz
Bharti Hexacom, a subsidiary of Bharti Airtel, has acquired 15 MHz with an outlay of Rs.1,001 crore. The stock of the company has been downgraded by Jefferies to 'hold'.
The total cost for this spectrum acquisition stands at Rs 973.63 crore, Jio said.
Bharti Airtel acquired spectrum worth Rs 6,857 crore while Reliance Jio and Vodafone Idea bought spectrum worth Rs 973.62 crore and Rs 3,510.4 crore, respectively.
Bharti Airtel secures spectrum for 20 years; Bharti Hexacom acquires 15 MHz with an outlay of Rs 1,001 crore
Demand was concentrated on 900 MHz and 1,800 MHz spectrum bands, CNBC-TV18 reported
Telecom companies have shown interest in 800, MHz, 900 MHz, 1800 MHz, 2100 MHz, 2500 MHz and 26 Ghz bands on the first day
Reliance Jio, Bharti Airtel and Vodafone Idea began submitting bids on June 25 for the latest round of the 5G spectrum auction. The government is selling airwaves worth Rs 96,317.65 crore
The government aims to raise approximately Rs 10,000 crore from the auction, though brokerage reports estimate it could be between Rs 4,000 crore and Rs 16,600 crore. In the 2022 auction, the government achieved a record Rs 1.5 lakh crore.
Early this year in January, the telecom operator had prepaid Rs 8,325 crore the telecom department to partly clear its deferred liabilities for the airwaves bought in a 2015 auction.
Despite making huge investments for the 4G/5G rollout, S.P. Kochhar, Director General COAI, said that Indian telcos are still among those with the lowest ARPU in the world.
According to amendments made in the notice inviting applications for bids on Tuesday, the new date for "start of the live auction" has been changed to June 25 from June 6.
Bharti Airtel’s Earnest Money Deposit (EMD) makes it eligible to bid for a maximum of ~Rs126bn worth of spectrum. It is facing renewals in six circles Assam, Bihar, J&K, Orissa, UP East and West Bengal.
In its latest report, GSMA said that India must analyse the cost benefit of the 6 GHz range and consider the impact of reduced mobile performance and penetration against any perceived benefits of competing uses for the upper 6 GHz band.
In the previous spectrum auction, the telecom department received an earnest money deposit of Rs 21,800 crore
This is the first time three spectrum bands in 37-37.5 Ghz, 37.5-40 Ghz and 42.5-43.5 Ghz are being proposed for the auction. The proposal will make available 4,000 Mhz spectrum for 5G services in the future.
The auction will now take place after two weeks on June 6, which is just two days after the election results are announced.
Analysts also dismissed the likelihood of a bidding war among leading telecom operators in the sub-GHz bands as the government decided not to offer airwaves in the 600/700 MHz bands.
All the available spectrum in 800, 900, 1,800, 2,100, 2,300, 2,500, 3,300 MHz, and 26 GHz bands will be put to auction at a base price of Rs 96,317.65 crore.
Vi's spectrum renewal is due in the 900 MHz and 1800 MHz bands in West Bengal and Uttar Pradesh (West), worth over Rs 1,950 crore.
Spectrum auction 2024: All the available spectrum in 800, 900, 1,800, 2,100, 2,300, 2,500, 3,300 MHz, and 26 GHz bands will be put to auction. Spectrum held by certain companies that are undergoing insolvency and which are expiring in 2024 on completion of the term will also be put to auction, the cabinet said.