Telecom Minister exhorts telcos to prepare for 5G launch
SUBSCRIBE
JOBS
Go Back
2 years ago 06:00:03am Television

Telecom Minister exhorts telcos to prepare for 5G launch

New Delhi, 19-August-2022, By IBW Team

DoT allocates spectrum prepare for 5G launch, says Telecom Minister

Telecom Minister Ashwini Vaishnaw on Thursday asked telecom service providers to gear up for the 5G launch, post the issuance of spectrum allocation letters.

A first, the Department of Telecom (DoT) has issued spectrum assignment letters on the same day the successful bidders of radio waves made upfront payments.

Vaishnaw wrote on a social media platform, “The DoT has received payment of around ₹17,876 crores from service providers — Bharti Airtel, Reliance Jio, Adani Data Networks, and Vodafone Idea for the spectrum they won in a recent auction.”

The country’s biggest ever auction of telecom spectrum received a record ₹1.5-lakh crore worth of bids, with Mukesh Ambani’s Jio cornering nearly half of all the airwaves sold with a ₹87,946.93 crore bid.

Airtel Gets Spectrum Allocation Letter: Bharti Airtel received a spectrum allocation letter within a few hours of making an upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday.

This is the first time that the Department of Telecom (DoT) has handed out a spectrum allocation letter on the day of making an upfront payment.

“Airtel paid Rs 8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. E band allocation was given along with spectrum as promised. No Fuss, No Follow Up, No running around the corridors, and No tall claims. This is the ease of doing business at work in its full glory,” Mittal said in a statement.

The Department of Telecom has received payment of around Rs 17,876 crore from service providers — Bharti Airtel, Reliance Jio, Adani Data Networks, and Vodafone Idea for the spectrum they won in a recent auction, PTI reported from New Delhi.

While all telecom operators have opted to make payments in 20 annual installments, Bharti Airtel paid Rs 8,312.4 crore equivalent to four annual installments.

“In my over 30 years of first-hand experience with DoT, this is a first! Business as it should be. Leadership at work-Right at the top and the helm of telecom. What a Change! Change that can transform this nation power its dreams to be a developed nation,” Mittal said.

Airtel acquired 19,867.8 MHz spectrum by securing a pan-India footprint of 3.5 GHz and 26 GHz bands and select purchase of radio waves in the low and mid-band spectrum.

The country’s biggest ever auction of telecom spectrum received a record Rs 1.5 lakh crore worth of bids, with Mukesh Ambani’s Jio cornering nearly half of all the airwaves sold with an Rs 87,946.93 crore bid.

Reliance Jio has made payments of Rs 7,864.78 crore, Vodafone Idea Rs 1,679.98 crore, and Adani Data Networks Rs 18.94 crore.

Richest Indian Gautam Adani’s group has placed bids worth Rs 211.86 crore for 400 MHz in a band that will not be used for offering public telephony services.

Telecom tycoon Sunil Bharti Mittal’s Bharti Airtel made a successful bid of Rs 43,039.63 crore, while Vodafone Idea Ltd bought spectrum for Rs 18,786.25 crore.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos