Spectrum Auction 2021: Telcos Bid Worth Over Rs. 77,000 Crores in Initial Four Rounds
Day One of the spectrum auction is done with bids worth over Rs. 77,000 crores in four distinct rounds from participating bidders, namely Bharti Airtel, Vodafone Idea, and Reliance Jio. The latest spectrum auction by the government comes five years after the last auction, which took place in 2016. Instead of bringing airwaves for 5G networks, the government decided to place the auction for 4G networks — specifically in 700MHz, 800MHz, 900MHz, 1800MHz, 2100MHz, 2300MHz, and 2500MHz bands.Exceeding pre-bid estimates of Rs.…