Telcos to bid for more spectrum
RCom, Aircel and Tata Teleservices too submitted their applications to participate in the auction.
New Delhi: Bharti Airtel, Vodafone, Idea Cellular and Reliance Jio were among the operators who applied for the biggest-ever spectrum auction that kicks off on October 1.
RCom, Aircel and Tata Teleservices too submitted their applications to participate in the auction. Wednesday was the last date to submit application to participate in the forthcoming bidding. The last date for withdrawal of application is September 22.
The government will start the mega airwave auction on October 1 in which mobile frequencies in all bands — 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz and 2300 Mhz — will be put on the block.
The finance ministry in the budget pegged the revenue at '98,995 crore from the telecom space, which includes '64,000 crore from the spectrum auction.