Technology

Govt. to earn over Rs 61,600 crore from 2G Spectrum Auction

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/technology-images/2014/02/15/Spectrum.jpg?itok=5yeuMxiV

NEW DELHI: The government is expected to earn about Rs 61,162 crore from the 2G spectrum auction that ended after 68 rounds of bidding over 10 days.

Major telecom companies Airtel and Vodafone have bagged spectrum in the crucial 900 MHz band in important markets like Delhi, Mumbai and Kolkata.

The government's total revenue from the auction (which is provisional) is much higher than its initial estimate of about Rs 41,000 crore. The licences will be valid for a period of 20 years. The companies need to pay only a quarter to a third of the winning auction price upfront and the remainder by 2026.

Telecom Secretary M F Farooqui said the government will get at least an estimated Rs 18,200 crore this fiscal, much higher than budget estimate of Rs 11,300 crore.

With the government facing a huge budget deficit target for the current fiscal year ending in March amid a shortfall in tax collections and revenue receipts from divestment of stake in state companies, Finance Minister P Chidambaram will welcome the higher-than-expected revenues from the spectrum auction.

Eight companies, including Bharti Airtel, Vodafone, and Reliance Industries, had applied to bid in the auction of 900 megahertz and 1800 megahertz band airwaves. The 900 megahertz band was auctioned only in three cities – Delhi, Mumbai and Kolkata.

The stakes were especially high for Vodafone and Bharti which use 900 Mhz. They had to join the auction after the Supreme Court refused to extend their licences, which expire in November 2014. Idea too won spectrum in the 900 MHz band in Delhi.

The Mukesh Ambani-backed Reliance Jio bagged 1800 MHz band in 14 circles out of the 22 on offer. This will help the company to not only offer data but also voice services in these regions. Reliance Jio had earlier won the rights to offer 4G broadband services across the country.

In the 1800 MHz band, Airtel won in 15 circles, Vodafone in 10 and Idea in 11.

Bidding for the 900 MHz band in Delhi, Mumbai and Kolkata was very aggressive, with Vodafone and Bharti Airtel forced to protect their turf. In Delhi, the winning bid was Rs 741 crore as against the reserve price of Rs 360 crore; in Mumbai, the winning bid was Rs 563 crore, while the reserve price was Rs 328 crore, and in Kolkata, the winning bid was Rs 195 crore vs a reserve price of Rs 125 crore.

Bids for the 900 Mhz band run into higher sums as it is considered better quality spectrum which requires lower investment for telecom companies to set up infrastructure. In comparison, the 1800 Mhz band requires higher capital expenditure.

The 2G spectrum had to be auctioned afresh after the Supreme Court ordered in 2012 the cancellation of 122 licences issued in 2008 by then Telecom Minister A Raja. The Supreme Court held that the process used by him to allot licences was "illegal" and ordered a new auction. Auctions in November 2012 and March 2013 flopped as most bidders stayed away from the sales, complaining that the floor bid prices were too high.

The eight bidders applied to participate in the current auction after the government sharply cut auction reserve prices.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/05/18/ib.jpg?itok=6bciqVRJ
IBC2020 cancelled due to Covid2019

MUMBAI: IBC2020 show, the world's most influential media, entertainment and technology show, has been cancelled in view of the Covid2019 pandemic. It was scheduled to be held this September at the RAI Amsterdam. “Right now, despite the best work of the IBC team and our Dutch colleagues, there are...

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/19/evreka.jpg?itok=mxegwLef
Evreka Offers Its Technology Free of Charge For The Fight Against COVID-19

MUMBAI: As a start-up from Turkey, Evreka, announces that in the light of their global experience urban cleaning/disinfection/sterilization, until the COVID-19 pandemic is over, they will provide their technology appealing to both people and to operations, completely free of charge to all relevant...

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/03/11/Planetcast_800.jpg?itok=euxVDvWP
Planetcast to showcase 'Cloud.X Turbo' at NAB 2020

MUMBAI: At NAB 2020, Planetcast will showcase its latest and most powerful cloud platform ‘Cloud.X Turbo’. The event will take place from 18-22 April at Las Vegas Convention Center. As a part of the live demo, Planetcast will highlight the latest technological advancement in its cloud platform....

Technology Hardware Components
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/12/Ramki_Sankaranarayanan2.jpg?itok=Ga8nDcD9
Prime Focus Technologies rebrands DAX to CLEAR

MUMBAI: Prime Focus Technologies (PFT) has announced the transformation of its patented DAX Digital Dailies to CLEAR. Initially released in 2004, DAX pioneered online Dailies experience at a time when the industry was using DVDs and has been the only patented Dailies solution since. While DAX has...

Technology Software Applications
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/02/12/Interra-Systems.jpg?itok=_OtxB7Jw
Interra Systems Simplifies Video Caption Creation With Machine Learning-Based QC Solution

Interra Systems, a leading global provider of software products and solutions to the digital media industry, today announced BATON Captions, a new addition to its BATON platform. Leveraging cutting-edge machine learning (ML) and automatic speech recognition technology.

Technology Hardware Headend Equipment
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/22/actus_0.jpg?itok=9jwq5-6A
Actus Digital appoints Jay Gedanken as vice president of business development

MUMBAI: Actus Digital, a leading provider of compliance and intelligent media monitoring solutions, has appointed Jay Gedanken as vice president of business development in the US. With over 35 years' experience in broadcast technology sales, technical support, marketing, and project management,...

Technology Software Applications
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/14/mybox_0.jpg?itok=5FEa3Tvx
BP Communications Limited Partners with MyBox to bring advanced digital set-top box technology to Bangladesh

MUMBAI: Cable Operator Association of Bangladesh (COAB) organized an event for Bangladesh cable operators in Kolkata recently to discuss the impending digitization in Bangladesh. MyBox Technologies, a leading R&D house backed by Hero Electronix, specializing in the research & development...

Technology Hardware Set-top Boxes
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/07/functionx.jpg?itok=8ChPxlO8
Meet the World’s First Blockchain-Powered Smartphone, BOB, at CES 2020

As the world teeters around cyber threats in this digital age, more and more users online, across all demographics and generations, feel more vulnerable or have experienced data breaches and attacks on their privacy. According to a study, 8 out of 10 Internet users globally don’t even feel they...

Technology ces
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/01/07/kim.jpg?itok=mdylV-Gb
Samsung launches 'Age of Experiences'

Samsung Electronics Co., Ltd. announced the “Age of Experience” at the opening keynote at CES. As the featured keynote speaker, Samsung Consumer Electronics President and CEO H.S. Kim heralded a decade of human-centric innovation that seamlessly combines hardware and software to create personalized...

Technology ces

Sign up for our Newsletter

subscribe for latest stories

* indicates required