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Telcos place bids of ₹11,000 cr for spectrum on Day 1
The New Indian Express
|June 26, 2024
ON the first day of the spectrum auction, which saw five rounds of bidding, telecom service providers placed bids worth about 11,000 crore.
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The government has put over 10,500 Mhz spectrum, including airwaves for 5G services, valued at ₹96,238 crore on the block.
According to the Day 1 spectrum auction report issued by the Department of Telecom, biddings took place mainly in the 900 and 1800 Mhz bands. The Department sold 94.4 MHz spectrum on the first day out of 10,523 MHz spectrum available. The auction will resume on Wednesday.
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