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Spectrum auction: Telcos place bids worth Rs 77,000 crore on Day 1

Revenue garnered from 4G auction may be much lower than reserve price set at Rs 3.92 trillion

Topics
Telecom spectrum auction | Spectrum Auction | Telcos

Megha Manchanda  |  New Delhi 



Ravi Shankar Prasad
Telecom Minister Ravi Shankar Prasad said more spectrum in the hands of telcos would lead to better services

The Centre is likely to garner revenues beyond its muted expectation from 4G which began on Monday, but the mop-up would be a fraction of the Rs 3.92-trillion worth of airwaves put up for sale. Coming five years after the 2016 auctions, the much-awaited 4G spectrum bidding, where emerged as the most active participant, has assured the government revenues of more than Rs 77,000 crore in four rounds on day one itself.

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First Published: Tue, March 02 2021. 01:26 IST

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