With an aim to augment existing telecom services and maintain continuity of services, the government is holding the spectrum auction on June 25, 2024. This is in line with government’s commitment to facilitate affordable, state-of-art high quality telecom services to all the citizens.
The Department of Telecommunications (DoT) has initiated the Spectrum Auction and Notice Inviting Applications (NIA) was issued on March 08, 2024. The following spectrum bands will go up for bidding in the upcoming auction - 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz.
The auction will see participation from three bidders: Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm and Spectrum will be assigned for a period of twenty years. Besides, successful bidders will be allowed to make payment in 20 equal annual instalments, duly protecting the NPV at the interest rate of 8.65%, while spectrum acquired through this auction can be surrendered after a minimum period of ten years.
