India’s top telecom players, Mukesh Ambani’s Reliance Jio and Sunil Mittal’s Bharti Airtel, had advocated for an auction to level the playing field with legacy operators. Scindia emphasized that the government-set pricing will ensure a transparent, fair allocation under the 2023 Telecom Act.
The Cabinet's nod comes just before the expiration of Bharti Airtel's spectrum in five circles, with another set to expire in March.
Telecom stocks rose during post-noon trade session on Thursday after a Delhi court acquitted all the accused in the alleged multi-thousand crore rupee 2G spectrum scandal.
The acquisition will be subject to the requisite regulatory approvals, Bharti Airtel said in a statement
Touted to be the largest-ever, the next round of India's spectrum auction is set to begin on September 29, Telecom Secretary J.S. Deepak announced today. A Notice Inviting Application (NIA) was today released by the
India's cabinet on Wednesday cleared the base price for the country's largest spectrum auction to date, expected to fetch around Rs 5.5 lakh crore at the approved reserve price
The next round of telecom spectrum auction, which is expected to mop up a whopping Rs.560,000 crore ($83 billion) will take place in another two-three months
New Delhi: In what should come as a relief just ahead of the next round of auction for telecom spectrum, the finance ministry today clarified that no service tax will be applicable for this fiscal
New Delhi: Idea Cellular emerged as the top bidder in the latest round of auctions for telecom spectrum with a total commitment of Rs.30,306 crore, the government announced on Thursday after the Supreme Court relaxed
New Delhi: India's biggest telecom spectrum auction ended today after 19 days of fierce bidding that fetched about Rs 1.10 lakh crore to the government.“The auction has concluded,” an official source told PTI.The auction for
New Delhi: The money committed so far in the latest e-auctions of telecom spectrum crossed Rs.107,000 crore on Day 12 after 74 rounds of bidding, surpassing the previous high of Rs.106,200 crore in 2010, official
New Delhi: Phone and internet bills may go up as the government plans to levy a cess on telecom services to create a corpus for funding the 'Swachh Bharat' drive.In a legal advice given to
New Delhi: The Union Cabinet today approved the largest ever telecom spectrum auction that is targeted to fetch at least Rs 64,840 crore from the sale next month.The government will sell 380.75 megahertz of second
New Delhi: The government has received about Rs 59,000 crore of bids in the ongoing auction of telecom spectrum at the end of the 8th day, with demand for the premium 900 Mhz band appearing
New Delhi, Nov 7: Bharti Airtel, Idea, Vodafone, Videocon and Telenor-promoted Telewings are the five companies that will compete for the GSM spectrum in 1800 Mhz band in the auction slated to begin on November
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