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Over Rs 77,000 cr winning bids for telecom spectrum on Day 1: RS Prasad

Video Credit: ANI - Duration: 02:40s - Published
Over Rs 77,000 cr winning bids for telecom spectrum on Day 1: RS Prasad

Over Rs 77,000 cr winning bids for telecom spectrum on Day 1: RS Prasad

The telecom spectrum auctioning began on March 01 after four years and Union Communications Minister Ravi Shankar Prasad informed that only three bidders, i.e, Bharti Airtel, Vodafone-Idea Limited and Reliance Jio Infocomm have participated this year.

He said, "The winning bid till 6 pm today was Rs 77,146 crores.

The auction will resume tomorrow.

There were three participants i.e, Bharti Airtel, Vodafone-Idea Limited and Reliance Jio Infocomm this year while in 2016, there were 7 bidders.

The bidding took place for spectrum in 800, 900, 1800, 2100 and 2300 MHz.

The participants (just three this year) didn't bid for 700 and 2500 MHz."


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