The government earned Rs 77,800 crore from telecom operators as the March spectrum auctions concluded on day 2 itself, the government, the Economic Times reported. Airtel on Tuesday said that it "has acquired 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands for a total consideration of Rs 18,699 crores" in a press release. The telco said it would use this spectrum for improved indoor coverage. "All of the spectrum will enable Airtel to deliver 5G services in future," the telco added. Vi was less forthcoming with specifics (which will likely be made public by the Department of Telecommunications by Wednesday) but did offer up that it acquired spectrum in five circles. The company said: Vodafone Idea entered this auction holding the largest quantum of spectrum with a very small fraction, which was administratively allocated and used for GSM services, coming up for renewal. We have used this opportunity to optimize spectrum holding post-merger to create further efficiencies in new circles. Jio has not put out a release as of writing, and the telco reportedly just renewed a lot of spectrum that it had purchased from defunct telcos that was expiring. Minister Ravi Shankar Prasad told reporters that the government exceeded the amount of money it expected to earn from the sale. It was previously expecting revenues of around Rs 45,000 crore. 700MHz band spectrum, ET reported, went unsold in spite of a 60% price cut from the last time it was up for sale. Airtel Press Release…
- Meta To Launch EU Operations Center to Combat Election Misinformation February 27, 2024
- Vijay Shekhar Sharma resigns from Paytm Bank board February 27, 2024
- Indonesia enacts regulation requiring digital platforms to pay news publishers for content February 27, 2024
- MeitY amends IT Rules, 2009 widening scope of who gets to delete interception records February 27, 2024
- Bank Record Verification to Facilitate Pension for Those Without Aadhaar: Allahabad HC Ruling February 27, 2024
This amendment widens the scope of those allowed to delete records pertaining to the direction of interception from law enforcement bodies to other authorities...
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...
The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...