Spectrum_Indian government

Spectrum Auction: Govt Gets Rs 32,300 cr Upfront Payment From Telecom Cos

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The government has received a total upfront payment of over Rs 32,300 crore from telecom players against the spectrum sold during the March auction, well above the minimum outstanding due of Rs 28,835.34 crore.

Telecom major Bharti Airtel has paid the entire sum for Rajasthan and North East circles.

The Department of Telecom (DoT) has received Rs 32,377.85 crore, nearly Rs 3,500 crore above the minimum due, sources told .

Bharti Airtel, the country’s largest telecom operator, has paid Rs 11,374.7 crore, while the upfront amount due from it was Rs 7,832.20 crore. All other telecom operators have paid the minimum amount due from them. Original post at ET Telecom

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Wahengbam Rorrkychand

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