Reliance Jio is gearing up for its full commercial launch of its services across the country and is all set to rattle India’s data market by offering 4G data at lowest rates in the world. “Mission of Reliance Jio is to take India from data shortage to data abundance. Jio makes India the highest quality, lowest…
Government today deferred the telecom spectrum auction by a week to March 4, while the deadline for bidders to submit applications has been extended to February 16.
The changes were uploaded on the Department of Telecom website as first amendment in the notice inviting application for spectrum auctions.
Earlier, the auctions were scheduled to start from February 25 and the interested bidders were asked to submit applications by February 6.
The government expects to fetch at least Rs 64,840 crore from the sale of radiowaves. This is the biggest auction in terms of base price value of radiowaves being put up for sale.
The government has plans to sell 380.75 megahertz in three bands — the premium 900 MHz, 1800 MHz and 800 MHz. It will also sell 5 Mhz in the 2100 Mhz band, which is used for 3G services, across 17 out of 22 telecom areas. Click here to read the full report