Who won the spectrum bid?

RJio emerged as the highest bidder in the 4G auctions, having bid for 488.35 MHz of the total 855.60 MHz spectrum. Bharti Airtel was not far behind and bought 335.45 MHz of the total available spectrum sold.

Why does the government sell the spectrum?

Just like natural resources are divided for their fair use, the spectrum is also required to be auctioned by the government. The government auctions it to those companies that can use it to offer several services and recoup their investments. The first spectrum auction in India was conducted for 900MHz band, in 1994.

How much megahertz was open for auctioning?

The auction that began on Monday will see Bharti Airtel, Reliance Jio and Vodafone Idea competing with each other to bag Rs 3.92 trillion worth of airwaves. On December 16, the Union government approved a 4G auction that is expected to fetch the exchequer Rs 3.92 trillion by offering 2251 megahertz of airwaves.

What is one of the major worries of the spectrum sellers in India?

No companies tendered bids for spectrum in 1800 MHz and 900 MHz bands, and MTS India was the only bidder in the 800 MHz band. Vodafone Group’s CEO Vittorio Colao stated, “The problem is that in India there is a misperception of what is the value of spectrum. The reserve prices are set too high.

Who is buying spectrum?

Verizon
Under the terms of the deal, Verizon will acquire AWS spectrum that Comcast, Time Warner Cable and Bright House Networks had purchased during the AWS auctions under the SpectrumCo name in 2006.

What is 2G spectrum auction?

2G spectrum had to be auctioned afresh after the Supreme Court ordered in 2012 the cancellation of 122 licences issued in 2008 by then Telecom Minister A Raja. The Supreme Court held that the process used by him to allot licences was “illegal” and ordered a new auction.

Why is the spectrum auctioned?

A spectrum auction is a process whereby a government uses an auction system to sell the rights to transmit signals over specific bands of the electromagnetic spectrum and to assign scarce spectrum resources.

How much money has the government generated through the sale of spectrum?

NEW DELHI: The much-touted spectrum auctions ended after just six rounds and under two days as the government managed to generate sales of Rs 77,814 crore, much below the near Rs 4 lakh crore worth of airwaves put up for sale.

How is spectrum allocation done in India?

Every telecom operator has been assigned certain portions of spectrum to use in India, through auctions and administrative allocations. Essentially, you have spectrum “bands”, and frequencies around a particular band are then auctioned off. The telcos have to separate the two to manage the spectrum effectively.

When was 4G spectrum auction in India?

Airtel, Jio and Vodafone Idea Ltd participated in the two-day spectrum auction concluded on 2 March.

Has the Verizon spectrum been bought out?

Verizon Wireless said Friday it had agreed to purchase spectrum licenses for $3.6 billion from a group of companies that included Comcast and Time Warner Cable, part of a push to meet growing consumer demand for wireless services.

Is spectrum owned by AT now?

AT entered into a term loan for $14.7 billion earlier this year to support the acquisition of spectrum, after promising to spend up to $23 billion on such purchases in an auction run by the Federal Communications Commission beginning in December.