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On February 4, TRAI proposed auctioning spectrum in the 37-37.5 GHz and 37.5-40 GHz frequency bands while excluding the 42.5-43.5 GHz range due to the lack of a supporting device ecosystem.
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Telecom companies have shown interest in 800, MHz, 900 MHz, 1800 MHz, 2100 MHz, 2500 MHz and 26 Ghz bands on the first day
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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.
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The relief package under consideration includes telecom firms getting an option to convert interest on spectrum dues of the four-year moratorium period into government equity, three sources with the knowledge of the development said.
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The Department of Telecom had set the deadline of October 20 for depositing the upfront payments for spectrum bought by operators in the auction that ended on October 6.
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As much as Rs 65,250 crore of undisclosed assets were brought to light during the 4-month one-time compliance window ending September 30, yielding the government Rs 29,362 crore in taxes, half of it in the current fiscal.
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The company has rolled out fourth-generation or 4G services in 427 cities across 14 circles already, as it had secured a pan-India data enablement in the 2010, 2014 and 2015 auctions, through a combination of the 900 Mhz, 1800 Mhz and 2300 Mhz bands.
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The Supreme Court has dismissed a batch of petitions filed by various telecom companies, including Vodafone and Bharti Airtel, seeking extension of their spectrum licences.
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According to sources, the spectrum auction payout by various companies stand at -- Vodafone likely to be at Rs 34,500 crore, Bharti Airtel at around Rs 27,500 crore, Idea (Rs 28,000 crore), Reliance Jio (Rs 11,000 crore) and Reliance Communications (Rs 2,300 crore).
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As per the Department of Telecom, at the end of 61st round, about 87 percent of the spectrum has been provisionally allocated to bidders. The total auction proceeds were Rs 1,01,432 crore till Saturday, with the sale of about 87 percent of the available spectrum in various bands.
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"I think the last three years, somewhere we have lost the direction on this count and that has costed the country dearly and that has costed us politically," he added.
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The government again placed unsold spectrum worth Rs. 45,000 crore for auction in March 2013 after reduction in base price but only Sistema Shyam Teleservices made bids worth Rs. 3,693 crore for CDMA spectrum.
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Tata Teleservices today said it will surrender telecom spectrum beyond 2.5 mega-hertz in all ircles barring Delhi and Mumbai in "protest" against government move to charge one-time fee for airwaves beyond this threshold.
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The government is examining whether telecom spectrum can be allocated administratively at the price that was discovered through auction, a process which was stopped following the Supreme Court verdict in the 2G spectrum case.
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In a further blow to the beleaguered telecommunication industry, the 2G telecom trial court today issued summons to Sunil Mittal, Chairman & MD Bharti Cellular in the ongoing additional spectrum allocation case.
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The government is learnt to be preparing fresh plans to auction telecom spectrum that can fetch around Rs 39,895 crore.
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Government is taking steps to revive growth and will be able to meet the fiscal deficit target despite lukewarm response to telecom spectrum auction, Finance Minister P Chidambaram said.
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The keenly watched auction of telecom spectrum today got a lukewarm response with no company bidding for pan-India radiowaves as demand concentration was on select areas such as Gujarat and Uttar Pradesh (East).
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Telecom spectrum auction opened Monday to a lukewarm response with key circles such as Delhi and Mumbai finding no takers in the initial rounds.
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In an interview with CNBC-TV18, Ajay Bahl, Founding Partner of AZB & Co said the judgment is a well crafted one that just reinstates common sense principles. Eventually, it will help to avoid a lot of confusion, he opined. Adi Godrej, President of CII too welcomes the verdict and feels, there will now be a pick up in infrastructure activity.
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The cabinet on Friday had fixed a minimum base price of Rs 14,000 crore for the auction of telecom spectrum. While there has been mixed reactions from the street, Sanjay Chawla of JM Financial believes the litigation remains a real risk for the telecom sector.
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BJP today said the likely appointment of Home Minister P Chidambaram as head of the Empowered Group of Ministers on telecom spectrum was like making him the 'policeman' in the case.
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Home Minister P Chidambaram may head the Empowered Group of Ministers (EGoM) on the allocation of telecom spectrum, which was reconstituted today after Agriculture Minister Sharad Pawar declined to head it.
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The Empowered Group of Ministers headed by Finance Minister Pranab Mukherjee was first slated to meet at 1730 hrs today but was postponed to 2030 hrs. It later deferred indefinitely, official sources said.
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An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet on June 5 to decide on the base price for the much-awaited auction of telecom spectrum. "The EGoM will meet on June 5," Department of Telecom Secretary R Chandrashekhar told reporters here.
