Spectrum auction: Telcos place bids worth Rs 77,815 cr; Jio biggest buyer

The auction of telecom spectrum concluded on Tuesday and airwaves worth Rs 77,814.80 cr were bought in two days, Telecom Secretary Anshu Prakash said on Tuesday.

The official said spectrum auction concluded on Tuesday at 12.45 pm after 6 rounds of bidding. Bids were received in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands but there were no takers for the airwaves in the premium 700 and 2500 MHz bands.

About one-third of the spectrum being auctioned is in the 700 MHz band, which was completely unsold during the 2016 auctions.

Spectrum Usage Charges (SUC) for the spectrum acquired