Spectrum auction kitty dips to Rs 1.05 lakh crore.
For 2100-MHz, 2300-MHz and 2500-MHz bands across circles; aim to offer these with 3G and 4G in February
The auction will continue on Monday.
Airtel, Vodafone, Idea, RCom, Reliance Jiosubmitted applications.
Several factors have held India back. One is DoT policy somersaults and lack of clarity on whether to or not to ban Chinese gear makers.
According to a Deutsche Bank report, the Idea-Vodafone combine will have to pay a 30 per cent lower annual installment on spectrum due to the longer duration of the payment tenure.
The auction will continue on Tuesday as there is still some spectrum left.
More than 87 per cent of the spectrum has been allocated to bidders.
'We have filed our draft red herring prospectus for a floating IPO for a net offer size of 86.6 million shares.'
Eyeing a record high spectrum sale of Rs 1 lakh crore, the government on Wednesday fixed the base price for 3G auction at Rs 3,705 crore per mega hertz - which itself can fetch over Rs 17,000 crore (Rs 170 billion) from this band.
The announcement quells fears among some telcos that Chinese players might be banned from participating in 5G trials and roll outs.
Rahul Khullar, Trai chairman beleives politicians and corporates who own media houses should give freedom to editors.
The bidding for four spectrum bands is scheduled to start from March 4.
The government will get an additional revenue of 20 per cent from the auction of the 1,800 MHz and 900 MHz bands of spectrum, based on the Telecom Commission's recommendations, compared with those of the Telecom Regulatory Authority of India (Trai).
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
High spectrum charges would lead to rise in mobile services rates and adversely impact government's Digital India initiative by impeding telecom network expansion.
While the company insisted it had enough spectrum across circles, analysts said the company might soon need to acquire some spectrum to ensure uninterrupted service.
Spectrum was sold at about 68 per cent premium.
The sharing agreement will provide more bandwidth for RJIL to provide its high-speed 4G services.
Telecom operator Bharti Airtel on Friday said it has paid Rs 15,519 crore to the government towards prepayment of its entire deferred liability pertaining to spectrum acquired in the 2014 auction. The company had acquired 128.4 MHz spectrum (including Telenor spectrum) for a consideration of Rs 19,051 crore in the 2014 auction, Airtel said in a statement. The company estimates that the prepayment to Department of Telecom (DoT) will likely result in interest cost savings of at least Rs 3,400 crore over the residual life for fully substituted capital.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Spectrum auction on Thursday entered the 10th day of bidding and started off from Rs 61,091.83 crore (Rs 610.91 billion) in terms of value.
The minister said revenue receipts for 2014-15 will be generated from auction of spectrum in 800MHz, 900 MHz and 1800 MHz bands and from annual spectrum usage charges.
The regulator added that a split auction of 2100 MHz, used for 3G services, will 'artificially increase the market price of 2100 Mz in February 2015 (auction) because of the severe supply constraint'.
The telecom spectrum auction entered the 33rd round of bidding today after starting off from the Rs 52,689 crore (Rs 526. 89 billion) mark this morning.
The recent Indian telecom spectrum auction will hasten industry consolidation, strengthen tariffs and reduce regulatory risks.
Access spectrum is airwaves used for transmitting wireless signals on mobile devices from mobile towers.
Spectrum auction took off on Wednesday from Rs 58,980.29 crore (Rs 589.80 billion) mark with demand for the premium 900 Mhz band seemingly tapering off at the end of 56 rounds.
Telecom companies put in bids worth a total of about Rs 45,000 crore (Rs 450 billion) on the second day of the auction on Tuesday, with premium 900 Mhz band in Delhi, Mumbai and Kolkata witnessing continuing demand.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Spectrum trading will happen in 9 circles.
The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular
As per the initial proposal, DoT had sought 60 days time to start auction from the date cabinet decides on the spectrum base price and the NIA was to be issued after 15 days of the decision.
Bharti Airtel, Vodafone and Idea Cellular have demanded allocation of a part of CDMA spectrum in 800 Mhz band for GSM services.
Given the military's requirement for watertight cyber and communications security, L&T will establish a Security Operations Centre which will deal with security threats.
Airtel announced complete acquisition of WBSPL in October last year for an estimated Rs 2,000 crore (Rs 20 billion).
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Tata Teleservices Ltd has decided to pull out of the upcoming 2G spectrum auction, leaving no takers for spectrum in the CDMA 800-MHz band. This will deprive the government of around Rs 18,300 crore.
RCom is expected to have a 50% stake, Aircel 40% and MTS 10%
The third round of spectrum auction continued to witness aggressive bidding even after completion of seventeen rounds on Wednesday with demands for both bands of airwaves on offer continuing to pour in.
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