0
Wireless

India raises INR 1.1 trillion in 19-day spectrum auction

Thursday 26 March 2015 | 08:10 CET | News
The Indian government received provisional bids worth almost INR 1.10 trillion (approximately USD 17.6 billion) at the end of 110 rounds of bidding in the latest spectrum auction, the telecom minister Ravi Shankar Prasad said. The government initially expected to raise around INR 820 billion in this spectrum auction. The government did not disclose winning bidders and the regions in which they had won spectrum, but the country's top operators -- Bharti Airtel, Vodafone India and Idea Cellular -- are expected to have bought the major chunk of the 20-year licences on offer, Reuters reports.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Aircel / Bharti Airtel / Idea Cellular / Reliance Communications / Reliance Jio / Uninor / Vodafone India
Countries: India
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

India wants to raise USD 83 bln in Sept spectrum auction

Published 09 Aug 2016 10:17 CET | India
The Indian government expects to raise a record INR 5.56 trillion (approximately USD 83 billion) in the spectrum auction ...

Reliance Jio Infocomm expands LTE spectrum to 20 circles

Published 31 Mar 2015 11:22 CET | India
Reliance Jio Infocomm expanded its spectrum rights to 20 of the 22 telecom circles in the latest auction in India. In addition to ...

RCom to accelerate migration to 3G after spectrum auction

Published 31 Mar 2015 11:13 CET | India
Reliance Communications said it acquired spectrum for a total INR 110.6 billion in India's latest auction. The mobile operator ...

Idea Cellular buys over 79 MHz in Indian auction

Published 31 Mar 2015 09:47 CET | India
Idea Cellular acquired 79.4 MHz of spectrum in India's latest auction for a total INR 301 billion. The mobile operator retained ...

Bharti Airtel spends INR 291 billion in spectrum auction

Published 31 Mar 2015 09:11 CET | India
Bharti Airtel acquired 111.6 MHz of spectrum across the 900 MHz, 1800 MHz and 2100 MHz bands in India's latest auction, for a ...

GSMA urges Indian govt to support mobile investment

Published 30 Mar 2015 11:05 CET | India
The GSMA has called on the Indian government to foster mobile investment, following the completion of the recently held spectrum ...

India urges auction winners to pay 25% of bid in 10 days

Published 27 Mar 2015 14:53 CET | India
Indian telecoms minister Ravi Shankar Prasad has urged operators to pay the INR 290 billion initial payment due from the spectrum ...

Vodafone spends GBP 2.78 bln on Indian spectrum licences

Published 26 Mar 2015 18:54 CET | India
Vodafone India has acquired spectrum in 12 telecom circles for a total cost of INR 258.1 billion (GBP 2.78 billion). The mobile ...

Idea Cellular leads spending in Indian mobile auction

Published 26 Mar 2015 14:33 CET | India
Idea Cellular spent the most acquiring spectrum in India's latest auction, at a total INR 303.06 billion (USD 4.84 billion), ...

Telenor, Tata to soon merge India mobile ops - report

Published 11 Mar 2015 13:32 CET | India
India's Tata group and Telenor are close to reaching a deal to merge their mobile telephony operations in India. Final details ...

India spectrum bids hit INR 600 bln on 1st auction day

Published 05 Mar 2015 10:27 CET | India
The Indian government received bids worth an overall INR 600 billion on the first day. The bidding process will resume on 6 ...

Eight operators to bid for spectrum in India

Published 17 Feb 2015 09:12 CET | India
Eight private operators including Airtel, Vodafone, Idea, RCom, Reliance Jio and Uninor have submitted applications to bid for ...

BSNL, MTNL will not participate in March spectrum auction

Published 09 Feb 2015 09:34 CET | India
Indian state-run operators Bharat Sanchar Nigam Limited (BSNL) and MTNL will not participate in the upcoming spectrum auction to ...

India rejects Vodafone plea for more 3G spectrum - report

Published 04 Feb 2015 12:12 CET | India
India's telecom minister Ravi Shankar Prasad has rejected Vodafone's request to auction the additional 15 MHz of 3G spectrum ...

Indian Cabinet approves increased 3G spectrum price

Published 29 Jan 2015 09:18 CET | India
The Indian Cabinet has set the base price for 3G spectrum auctions at INR 37.05 billion for each MHz of 2,100-MHz spectrum to be ...

Trai raises estimates for 800 MHz spectrum price

Published 27 Nov 2014 15:32 CET | India
Indian regulator Trai has reiterated its stance on auctioning the entire 800 MHz band to the mobile sector and raised its ...

Indian Defence Ministry to free spectrum for 3G services

Published 21 Nov 2014 13:00 CET | India
India's Telecom and Defence Ministries have reached an agreement on 3G spectrum. The Defence Ministry has agreed to free up 5 MHz ...

GSMA supports India's 2015 auction plans, makes suggestions

Published 22 Oct 2014 01:07 CET | India
GSMA has announced it supports the Telecom Regulatory Authority of India's (TRAI) recommendations on India's upcoming spectrum ...