Et Telecom - Telecom Companies Compete To Buy Spectrum_Pic Credit Google

Et Telecom – Telecom Companies Compete To Buy Spectrum

Et Telecom – Telecom Companies Compete To Buy Spectrum – Till recently, the economic condition of the telecom companies was quite bad, because they were incurring huge losses thanks to many issues like AGR, but the businesses have left no stone unturned to save lots of their existence.

There was a fierce competition among companies to urge spectrum within the auction being done by the Telecom Department. The department has been successful in selling a complete of Rs 77,814 crore of spectrum till Tuesday on the second day of the auction.

However, this is often only 20 percent of the target (Rs 3.9 lakh crore) set by the department. it’s worth noting that till recently the economic condition of the telecom companies was very bad, because they were incurring huge losses thanks to many issues like AGR, but the businesses have left no stone unturned to save lots of their existence.

Et Telecom – Telecom Companies Compete To Buy Spectrum

In these two days, Reliance Jio, Airtel and Vodafone Idea have acquired a complete of 855.7 MHz spectrum, while the department has announced to sell a complete of 2251.25 MHz spectrum.

Live forefront

Reliance Jio has acquired a complete of 488.35 MHz spectrum within the 800 MHz, 1800 MHz and 2300 MH bands. These are about Rs 57,122.65 crore. Jio has surprised industry experts by buying quite estimates.

About 98.8 MHz spectrum of Jio is expiring this year, but it’s bid for about five times the spectrum. Jio says that this may increase its total spectrum to 1717 MHz.

Et Telecom – Telecom Companies Compete To Buy Spectrum

Airtel also put an honest amount

Private telecom company Bharti Airtel said on Tuesday that it had acquired radio waves worth Rs 18,699 crore within the latest auction of spectrum. it’s said that the corporate has acquired 355.45 MHz spectrum.

These spectrums are within the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands. With this, the corporate possesses the strongest spectrum holding within the country. the corporate has said that thanks to this it’ll get success in providing 5G services in future. Airtel has also spent about one and a half times quite the estimates of industry experts.

Et Telecom – Telecom Companies Compete To Buy Spectrum

The company says that now it’s acquired spectrum within the GHz sub-region across the country, in order that its services in cities are going to be ready to give good coverage indoors and in buildings also aside from this, the company’s telecom services also will be better within the villages with this spectrum.

On the opposite hand, Vodafone Idea has bid Rs 1,993.4 crore for less than 11.9 MHz spectrum. this may help the corporate in expanding its 4G coverage and capacity.

No buyer for this band

But it doesn’t seem that the govt will get the expected amount from this auction, because no company has bid for the 700 MHz and 2500 MHz bands, which is about 40 per cent of the auction.

Airtel has said that this band doesn’t become useful for them financially. The save cost of this band has been kept high. There was no bid for this band even within the 2016 auction, while the govt had reduced the rates twice.

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