India's telecom dept to issue demand notes for spectrum payments to telcos after a recent ₹11340.78 crore auction, led by Airtel.
India's telecom department will issue a demand note to telcos this week for spectrum payments after a recent auction. The two-day auction saw the sale of 141.4MHz of radio waves for ₹11,340.78 crore. Sunil Mittal's Airtel was the top bidder, securing around 60% of the spectrum sold, followed by Reliance Jio and Vodafone Idea. The demand note will offer both upfront payment and installment options.
June 30, 2024
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