India's biggest telecom auction has ended, and the Centre has issued a spectrum assignment letter for 5 G network, said Ashwini Vaishnaw, Union Minister. He said that the government has asked telecom service providers to prepare for 5 G launch across India.
Reliance Jio, Bharti Airtel, Adani Data Networks and Vodafone Idea were in the fray for the auction. The payment was made by Reliance Jio of 7,864. Adani Data Networks has a total of 98 crore and 18.94 crore.
Bharti Airtel paid Rs 8,312, while all telecom operators have chosen to make payments in 20 annual installments. 4 crore is equivalent to four annual installments. A total payment of around 17,876 crore was received by DoT, according to an official source. Bharti Airtel has paid four annual installments in a single go. Sunil Bharti Mittal, chairman of Bharti Airtel, said the telco has paid Rs 8,312 in a statement. 4 crore towards spectrum dues were provided with the allocation letter within the hour for the designated frequency band. He said this was a first in my over 30 years of first-hand experience with DoT. Leadership at work -- right at the top and in the helm of telecom. Change can be done to make this nation a developed nation. Gopal Vittal, the MD and CEO of Bharti Airtel, stated that paying four installments upfront will help the telco roll out 5 G in a concerted manner. During the auctions, Airtel bought spectrum worth Rs 43,084 crore in various frequency bands.