The Department of Telecommunications (DOT) on Wednesday received over ₹17,873 crore from companies towards 5G spectrum dues. Nearly half the amount (₹8312.4 crore) was paid by Bharti Airtel, which made advance payments for four years to free up cash for future investments.
Reliance Jio and Vodafone Idea paid ₹7,864 crore and ₹1,680 crore, respectively. Adani Enterprises, which has acquired spectrum for captive private networks, is reported to have paid ₹18 crore.
The first payout by telecom companies towards 5G spectrum dues is higher than the DoT's initial calculation. The department had estimated these companies to pay up ₹13,365 crore.
The three private mobile service providers and Adani Group purchased 51,236 MHz of spectrum worth over 1.5 trillion. Reliance Jio was the biggest buyer with a spectrum purchase worth ₹88,078 crore.
Airtel, which plans to roll out commercial 5G services this month, acquired 19,867 MHz of spectrum worth ₹43,084 crore in various bands during the recent 5G spectrum auction. This included spectrum in 3.5 GHz, 26 GHz, and certain low and mid-bands.
Bu hikaye Business Standard dergisinin August 18, 2022 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin August 18, 2022 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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