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Telcos attend pre-bid spectrum auction forum; queries by Jan 15, says DoT

Telecom firms like Reliance Jio, Bharti Airtel and Vodafone Idea on Tuesday participated in pre-bid conference for spectrum auctions

Spectrum auctions | Telecom spectrum | Reliance Jio

Press Trust of India  |  New Delhi 

Telecom sector
Representational image of telecom towers | File

Telecom firms like Reliance Jio, Bharti and Idea on Tuesday participated in pre-bid conference for spectrum auctions, as the telecom department asked telcos to submit written queries regarding the rules and processes by January 15, according to sources.

During the pre-bid conference, operators raised queries on aspects such as earnest money deposit and roll-out obligations in the bid document, an industry source said.

The Department of Telecom (DoT) sources said telcos, including Jio, and Idea, attended the pre-bid conference on Tuesday. The department has now asked the operators to send their written queries on the issues raised at the pre-bid conference by January 15.

The DoT has already released a notice inviting applications for the in seven bands -- 700, 800, 900, 1800, 2100, 2300 and 2500MHz bands, and the bidding is scheduled to begin on March 1.

Last month, the Union Cabinet had approved a proposal for the auction of 2,251.25 Megahertz (MHz) of spectrum worth Rs 3.92 lakh crore at the base price.

Telecom operators will need to submit their application by February 5 for participation in the auction.

BNP Paribas, last week, had said that spectrum auction in India has turned into a buyer's market, and may see "minimal competition" with operators going after airwaves that yield the best value for money instead of focusing on renewing all expiring spectrum.

With the countdown now on for spectrum auctions, ICICI Securities had said it expects the final prices across spectrums to be equal to the reserve prices due to significant supply of radiowaves, and likely limited demand for expiring radiowaves.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Tue, January 12 2021. 15:48 IST