Bharti Airtel has submitted the earnest money deposit (EMD) of Rs 1,050 crore for the upcoming spectrum auction. Companies get points based on the EMD amount they have deposited, which enables them to bid for the number of circles and quantity of spectrum they want. Higher points mean a higher capability to place bids.
The government has scheduled an auction of eight spectrum bands for mobile phone services at a base price of about Rs 96,317 crore from June 6. All the available spectrum in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands are part of the auction.
The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments. The DoT has provided an option to surrender the spectrum acquired through the upcoming auction after a minimum period of 10 years.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
Company Name | CMP |
---|---|
Bharti Airtel | 1371.85 |
Vodafone Idea | 15.26 |
Indus Towers | 348.00 |
Tata Communications | 1777.45 |
Bharti Hexacom Ltd. | 1011.10 |
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