The Centre on Tuesday blazoned it has begun the transaction of diapason worth Rs 96,238.45 crore for telecom services.
The total amount of diapason being auctioned is 10,522.35 MHz in colorful bands, valuing Rs 96,238.45 crore at reserve prices, said the Ministry of Dispatches.
The following diapason bands will go up for bidding in the transaction– 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz– that thresholds at 10a.m.
The transaction will see participation from three stab Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm.
“ To compound being telecom services and maintain durability of services, the government will hold the diapason transaction on Tuesday, ” said the ministry.
The 1800 MHz diapason band has been allocated Rs21752.4 crore at reserve price, followed by the 800 MHz band at Rs 21,341.25 crore.
“ This is in line with the government’s commitment to grease affordable, state- of- art high- quality telecom services to all the citizens, ” the ministry added.
The Department of Telecommunications( fleck) initiated the diapason process on March 8.
Diapason will be assigned for a period of 20 times. Successful stab will be allowed to make payments in 20 equal periodic instalments, properly guarding the NPV at the interest rate of8.65 per cent.
Spectrum acquired through this transaction can be surrendered after a minimal period of 10 times. There will be no Diapason operation Charges( SUC) for diapason acquired in this transaction, said the ministry.
