Jio, Airtel, Vodafone Idea apply for participating in spectrum auction
3 years, 11 months ago

Jio, Airtel, Vodafone Idea apply for participating in spectrum auction

India TV News  

Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea on Tuesday submitted applications to participate in the Rs 3.92 lakh crore spectrum auction scheduled to start from March 1, according to official sources. Vodafone Idea needs to renew 6.2 MHz of spectrum in the 900 MHz band and 38.2 MHz in the 1800 MHz band. According to ICICI Securities, the final reserve price for 800 MHz spectrum in the upcoming auction is 18.5 per cent lower than the October 2016 auction price, which should benefit the relevant operators. The base price of spectrum in 1800 Mhz band and 2300 Mhz band has been fixed 14.5 per cent and 17.5 per cent higher than the October 2016 base price, according to ICICI Securities.

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