As a first payment for 5G, telcos will pay Rs. 13500 crore

The Department of Telecommunications will collect around Rs 10 crore from telcos over the next 10 days as part of the first installment of payment for spectrum purchased in the recently concluded 5G spectrum auction. 13,500 crore will be available. As per the preliminary calculations by the Department of Telecommunications, the payment of the first […]
 


As a first payment for 5G, telcos will pay Rs.  13500 crore

The Department of Telecommunications will collect around Rs 10 crore from telcos over the next 10 days as part of the first installment of payment for spectrum purchased in the recently concluded 5G spectrum auction. 13,500 crore will be available.

As per the preliminary calculations by the Department of Telecommunications, the payment of the first installment towards the spectrum purchase of Reliance Jio will be Rs. 7,838 crore, Bharti Airtel Rs. 3,834 crore and Vodafone Idea Rs. 1,673 crore may be paid. So Adani Data Networks, a new company in the telecom sector, increased its bid to Rs. 212 crore is expected to be paid.

Reliance Jio emerged as the highest bidder in the 5G Airways auction that ended on Monday, earning Rs. 88078 crore has been spent. So Airtel and Vodafone Idea respectively Rs. 43084 crore Rs. Spectrum worth Rs 18799 crore has been purchased.

To buy this spectrum, telcos have the option of paying in 20 equal annual installments or making a larger advance payment after the annual instalments.

By selling 51,236 MHz spectrum in the seven-day auction that ended on Monday, the government earned Rs. 150,173 crore in revenue. A total of 72,098 MHz airwaves were put up for sale by the government in this auction.