The public sale was initially scheduled to be held on Could 20, which was postponed to June 6.
The division in an modification to the discover inviting purposes (NIA) mentioned mock auctions are scheduled for June 13 and 14. Whereas, the DoT didn’t specify any cause, it’s anticipated that the choice was taken as a result of the brand new authorities within the Centre would take some extra time to go forward with the actions.
On February 8, the Cupboard permitted the public sale of 10,523.15 megahertz (MHz) of spectrum throughout bands at a reserve value of Rs 96,317 crore.
Earlier, in Could, the three main telecom service suppliers (TSPs) — Bharti Airtel, Reliance Jio, and Vodafone-Thought — have been chosen as pre-qualified bidders for the public sale. Airtel has deposited ₹1,050 crore, Reliance Jio ₹3,000 crore, and Vodafone Thought ₹300 crore as earnest cash, respectively.
All unsold spectrum from the final sale will probably be up for bidding once more. Airwaves within the 800, 900, 1800, 2100, 2300, 2500, 3300 MHz and 26 GHz bands, protecting a big chunk of voice and information spectrum, are up on the market.
The DoT expects a haul of at the very least ₹40,000 crore from the public sale, estimated via earnest cash (₹4,350 crore) that the TSPs had deposited in Could.
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