Business

Telcos deposit Rs 13,475 cr for spectrum auction

Sector consultants have, nonetheless, indicated that a big a part of the airwaves within the upcoming auction will stay unsold.

Reliance Jio, Bharti Airtel and Vodafone Idea have submitted a complete earnest cash deposit (EMD) of Rs 13,475 crore for the spectrum auction scheduled to start out from March 1, based on info disclosed by the Department of Telecom on Thursday.

The complete EMD quantity is near one-fourth of the quantity required to be eligible for shopping for all spectrum value a base worth of Rs 3.92 lakh crore placed on the block.

 

The richest participant Reliance Jio with networth of Rs 1.79 lakh crore has submitted EMD of Rs 10,000 crore, which signifies that the corporate will bid for spectrum in choose spectrum bands.

This is maybe the best EMD submitted by a telecom participant for any spectrum auction held within the nation until date.

According to spectrum auction guidelines, a telecom participant can bid for spectrum solely as per eligibility level allotted primarily based on EMD submitted by the corporate.

The EMD required for bidding for all spectrum blocks involves over Rs 48,141 crore of which Rs 21,960 crore is required for the most costly frequency band of 700 megahertz.

Sector consultants have already indicated that a big a part of the airwaves within the upcoming auction will stay unsold.

Bharti Airtel with networth of Rs 71,303 crore has submitted EMD of Rs 3,000 crore and Vodafone Idea with damaging web value of Rs 43,474 crore has submitted EMD of Rs 475 crore.

Bharti Airtel’s 12.4 MHz of spectrum within the 900 MHz band and 47 MHz in 1800 MHz band and Reliance Communications’ 44 MHz of spectrum, being utilized by Reliance Jio, within the 800 MHz band are arising for renewal.

Vodafone Idea must renew 6.2 MHz of spectrum within the 900 MHz band and 38.2 MHz within the 1800 MHz band.

The networth determine of Bharti Airtel is decrease than the Rs 73,069 crore the corporate had disclosed on the time spectrum auctions held in 2015, whereas that of Reliance Jio has elevated near eight occasions from Rs 23,029 crore in 2015.

The web value of Bharti Airtel had dipped to Rs 66,643 crore in 2016 whereas that of Reliance Jio had practically doubled to Rs 45,042 crore.

The mixed web value of Vodafone and Idea was Rs 27,443 crore in 2015.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button