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Spectrum auctions: 7 telcos submit applications

All seven top operators on Wednesday submitted their applications to participate in the country’s largest spectrum auctions scheduled for October. However, there were no new entrants in the current round.

By: | New Delhi | Published: September 15, 2016 6:54 AM
Wednesday is the last date for submission of applications by companies who want to participate in the spectrum auctions. (Source: Reuters)

All seven top operators on Wednesday submitted their applications to participate in the country’s largest spectrum auctions scheduled for October. However, there were no new entrants in the current round.

The operators which submitted their applications include Bharti Airtel, Vodafone India, Idea Cellular, Aircel, Reliance Communications, Reliance Jio Infocomm and Tata Teleservices, a top government official said on condition of anonymity.

Wednesday is the last date for submission of applications by companies who want to participate in the spectrum auctions.

The Department of Telecommunications is putting on sale spectrum in the 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz and 2300 Mhz, with a total price tag of R5.63 lakh crore at base rates. The auctions are scheduled to be conducted from October 1.

In a recent note, India Ratings and Research said top telecom companies will strengthen their spectrum holdings in the upcoming auctions further marginalising smaller operators.

Vodafone India and Idea Cellular will be active bidders for their 4G network rollout, while Bharti Airtel will look to bridge gaps in its spectrum holdings, the agency said.

High debt of top telecom companies will weigh on their participation, it said. “Key players to invest
in profitable and bigger circles and rationalise spectrum in others and divest non-core assets to free up capital for investment into 4G Long Term Evolution (LTE) infrastructure,” India Ratings added.

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