ET BureauMumbai: Telecom market leader Reliance Jio, second-ranked Bharti and financially stressed (Vi) have filed applications for participation in the upcoming 4G spectrum auctions, due to start on March 1.
The auction for over 2300 MHz of airwaves — valued at ₹3.92 lakh crore at base price — though is likely to see limited bidding intensity for spectrum worth less than ₹48,000 crore, with Jio and Airtel expected to be the main players.
Industry executives have confirmed to ET that the three telcos have filed in their applications although Airtel, Jio and Vi did not respond to ET’s queries.
From the upcoming spectrum auction, the government is expected to net less than ₹48,000 crore. Around a fourth of this could come into the government coffers this fiscal itself, as upfront payment.
With the three telcos putting their hats in the ring, markets expect some aggression from Jio and Airtel mainly, now that they both have announced their 5G prowess. Although the Department of Telecommunications (DoT) is not auctioning the expensive 5G airwaves in this tranche, bulking up existing 4G spectrum will allow telcos to launch 5G services immediately in those bands.
The auction for over 2300 MHz of airwaves — valued at ₹3.92 lakh crore at base price — though is likely to see limited bidding intensity for spectrum worth less than ₹48,000 crore, with Jio and Airtel expected to be the main players.
Industry executives have confirmed to ET that the three telcos have filed in their applications although Airtel, Jio and Vi did not respond to ET’s queries.
From the upcoming spectrum auction, the government is expected to net less than ₹48,000 crore. Around a fourth of this could come into the government coffers this fiscal itself, as upfront payment.
With the three telcos putting their hats in the ring, markets expect some aggression from Jio and Airtel mainly, now that they both have announced their 5G prowess. Although the Department of Telecommunications (DoT) is not auctioning the expensive 5G airwaves in this tranche, bulking up existing 4G spectrum will allow telcos to launch 5G services immediately in those bands.
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