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Cabinet approves spectrum auction with reserve price of ₹3.92 lakh crore

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It is a clear course of of project to profitable bidders, says authorities.

The Union Cabinet on Wednesday accepted the subsequent of spherical of spectrum auction, proposed to be held in March 2021, Telecommunications Minister Ravi Shankar Prasad mentioned.

Mr. Prasad mentioned the Cabinet, at a gathering chaired by Prime Minister Narendra Modi, accepted the proposal for auctioning 2,251.25 MHz of spectrum with the reserve price of ₹3.92 lakh crore. The spectrum, within the frequency bands of 700MHz, 800MHz, 900Mhz, 1,800MHz, 2,100MHz, 2,300MHz and a pair of,500MHz could be provided for a interval of 20 years for offering industrial cell providers.

“By winning right to use spectrum through the auction, incumbent telecom service providers will be able to augment their network capacity whereas new players will be able to start their services,” a authorities assertion mentioned.

Mr. Prasad mentioned the circumstances for the auction would stay identical as these adopted within the final such auction in 2016.

“In the auction, bidders will have to comply with parameters/conditions e.g. block size in which bidders will be able to submit their bids, spectrum cap i.e. the maximum amount of spectrum that can be held by each bidder after the completion of the auction, roll-out obligations, payment terms etc,” the assertion mentioned.

Successful bidders would have the choice of paying the complete quantity up font or a certain quantity in 16 equated annual instalments after a two-year moratorium, it mentioned. They would additionally must pay 3% of the adjusted gross income, excluding wireline providers, because the spectrum utilization cost, it added.

In addition to the bid quantity, profitable bidders can even must pay 3% of the Adjusted Gross Revenue (AGR) excluding wireline providers as spectrum utilization expenses for the spectrum received via this auction.

“Spectrum auction is a transparent process of spectrum assignment to successful bidders. Sufficient spectrum availability increases the quality of telecom services for the consumers. It is relevant that the telecom sector today is a key infrastructure provider with strong linkages with economic growth, direct and indirect employment generation and expansion of Digital India,” the assertion mentioned.

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