Only 15 days remains for the opening of the mega spectrum auction, and all most every telecom operator of India are gearing up with their perspectives to lead the spectrum sale. While all the telcos have submitted their applications for participating in this biggest ever auction of frequencies, Bharti Airtel Ltd, Vodafone India, Idea Cellular Ltd and Reliance Jio Infocomm Ltd are top four companies to brawl in the auction.
The biggest-ever spectrum auction of India is slated for 1 October, and top telecom companies like Airtel, Vodafone, Idea Cellular, and Reliance Jio have tendered applications to take part in the auction. Apart from these biggest players of Indian telecom industry, Reliance Communications Ltd, Tata Teleservices Ltd, and Aircel Ltd also have submitted their applications to be included in the auctions. However, apart from these seven players, no new entrant has been reported to participate in the auction.
In this biggest band auction, more than 2,300 megahertz (MHz) of the spectrum, including several bands like 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz and 2,300 MHz will be auctioned. The total worth of all bands is estimated to be around Rs.5.56 trillion. However, the reserve price will be set on the deal during the sale.
In the last year spectrum auction, Government has earned the profit of Rs.1.trillion and this year; it is expected to punch on Rs. 64, 000 crores. As per the published criteria, for application to take part in Spectrum sale, the last date for application submission was 14th September and the last date for withdrawal of applications is 22 September.
Till now, no comments are received from any of these seven telecom operators.