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Spectrum auction reserve price pegged at Rs 96,238 crore

E-auction begins; have 3 bidders — Bharti Airtel Limited, Vodafone Idea Ltd and Reliance Jio Infocomm Ltd
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New Delhi, June 25

The government will conduct an e-auction of Spectrum — used phone and internet communication — on Tuesday. The total quantum of spectrum being auctioned is 10,522.35 MHz in various bands valuing Rs 96,238.45 crore at reserve prices, the Ministry of Communication said on Tuesday.

The Spectrum e-auction started at 10 am on Tuesday with three bidders — Bharti Airtel Limited, Vodafone Idea Ltd and Reliance Jio Infocomm Ltd.

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A government spokesperson said on Tuesday that the auction would augment existing telecom services and maintain continuity of services.

“This is in line with government’s commitment to facilitate affordable, state-of-art high quality telecom services to all the citizens,” the Ministry of Communication said.

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The Department of Telecommunications (DoT) had initiated the Spectrum Auction and Notice Inviting Applications (NIA) was issued on March 8 this year.

As per the Ministry of Communications, the spectrum bands which will go up for bidding in the upcoming auction include – 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz.

Spectrum will be assigned for a period of twenty (20) years and successful bidders will be allowed to make payment in 20 equal annual instalments.

Spectrum acquired through this auction can be surrendered after a minimum period of ten years. There will be no Spectrum Usage Charges (SUC) for Spectrum acquired in this auction.

It is not required by the successful bidder to submit a Financial Bank Guarantee (FBG) and Performance Bank Guarantee (PBG).

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