“We want to ensure that we keep on enhancing experiences, not only for our existing customers, but also for the next 300 million users who will move to digital services. With our increased spectrum footprint, we are ready to further expand the digital footprint in India as well as get ourselves ready for the imminent 5G rollout,” Mukesh D Ambani, Chairman, Reliance Industries, said in a statement.
Bharti Airtel, which had earlier said that it would bid for 4G to fill in its spectrum gaps, believes the latest auction would enable it to continue delivering quality mobile broadband experience. ‘’We are most excited at bringing the power of Airtel services to an additional 90 million customers in India through the power of our Pan India Sub GHz footprint," Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel, said in a statement.
too issued a statement to say the company had used the auction opportunity to optimize spectrum holding and create further efficiencies in some circles.
The auction results will be scrutinised by an inter-ministerial panel and reviewed by finance and telecom ministers. The exercise is expected to be completed in the next 10 days, after which the companies
will be given another 10 days to deposit the upfront amount.
“Keeping the current scenario in mind, we had anticipated to get Rs 45,000-50,000 crore from these auctions as a lot of the spectrum on offer is renewal spectrum,” Telecom Secretary Anshu Prakash told reporters.
Of the total available spectrum of 2308 megahertz, 855.60 megahertz was sold in the auctions. A total of 37 per cent of the spectrum by quantity and 19 per cent by value was sold.
Nearly 65 per cent of the 800 Mhz spectrum on offer and 89 per cent of the airwaves offered in the 2300 Mhz band were sold. Both 2500 Mhz and 700 Mhz — premium spectrum — went unsold. The industry had opposed the steep reserve price recommended by the Telecom Regulatory Authority of India (Trai) in certain bands.
The last spectrum auctions were held in October 2016, fetching the government Rs 65,789 crore in revenue.
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