Total spectrum being auctioned is 10,522.35 MHz in various bands valued at Rs 96,238.45 crore at reserve prices. Read further on Dynamite News:
The auction of the 5G spectrum capable of offering ultra-high-speed internet entered the sixth day of bidding on Sunday after receiving bids worth 1,49,966 crore in the first five days from players like Reliance Jio and Bharti Airtel. Read more on Dynamite News:
Reliance Jio, Adani group, Bharti Airtel and Vodafone Idea are the four major participants in the auction. Read more on Dynamite News:
In a major setback for big telecom companies, the Supreme Court of India on Friday dismissed all the applications filed by Bharti Airtel and Vodafone Idea seeking a direction for correction of errors in Adjusted Gross Revenue calculation.
Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom department towards statutory dues.
The share price of telecom major Vodafone Idea fell by over 12 per cent intraday on Friday after the Supreme Court rejected the telcos’ plea seeking new schedule of adjusted gross revenues (AGRs) payments.
Bharti Airtel and Google Cloud on Monday announced a partnership to serve the evolving needs of millions of Indian businesses in a rapidly digitising economy.
Bharti Airtel hiked tariff rate in the range of 50 paise per day to Rs 2.85 per day, effective from December 3.
The acquisition will narrow the gap between Bharti’s pan-India 4G spectrum capacity and Vodafone-Idea’s and Reliance Jio’s.
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