The government announced on Wednesday that it received Rs 11,340 crore through the auction of 141.4 MHz of spectrum across various bands. This year’s auction saw activity in the 900 MHz, 1800 MHz, 2100 MHz, and 2500 MHz bands.
Bharti Airtel emerged as the top spender, investing Rs 6,856.76 crore to secure spectrum in the 900 MHz, 1800 MHz, and 2100 MHz bands. Vodafone Idea followed with a total expenditure of Rs 3,510.40 crore, while Reliance Jio Infocomm spent Rs 973.62 crore.
Both Bharti Airtel and Vodafone Idea successfully renewed their expired spectrum in the 900 MHz and 1800 MHz bands. Additionally, telecom service providers acquired an extra 87.2 MHz worth Rs 6,164.88 crore to enhance their services.
The Ministry of Telecommunications noted that the unsold spectrum would be offered in future auctions. The spectrum available this year included expiring licenses set to end in 2024 and unsold spectrum from the 2022 auction.
The auction aimed to meet the spectrum requirements of telecom service providers, ensuring the continuity and growth of services. The demand was particularly high for the 900 MHz and 1800 MHz bands during the auction, which had a total value of Rs 96,000 crore.
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