On October 1st India’s largest Telecom spectrum auction began, which was assumed to be a noisy fight for the 2,354.55 MHz worth an estimated reserve price of 5.66 lakh crores. But it turned the other way round giving disappointing results, as only a fraction of it was sold and no companies were ready to invest in the 700MHz and 900MHz category finding it too expensive and only 41% (roughly around 965MHz) were bought by the companies.
Seven telecom companies — Bharti Airtel, Vodafone, Idea Cellular, Reliance Jio, Aircel, Reliance Communications and Tata Teleservices were in the fray for acquiring 3G and 4G airwaves that are going to be crucial for maintaining competitive edge in the market and offering next generation services in the world’s second largest telecom market.
After giving the best entry in the telecom department and posing a tough competition for its incumbents. Reliance Jio has acquired a total of 269.2 MHz of airwaves across the 850/1800/2300 MHz bands and has perhaps emerged to be the only operator which managed to bag some spectrum in either of the bands in all 22 circles in the recently concluded auction.
India’s largest telco, Bharti Airtel Ltd, in a statement said that it has acquired 173.8MHz of spectrum across the 1,800/2,100/2,300MHz bands for a total consideration of Rs14,244 crore.
“Airtel has further strengthened its pan-India spectrum portfolio and secured its spectrum requirements for the next 20 years. The company now has 4G and 3G spectrum in all circles, giving it the widest mobile broadband footprint across the country,” it said.