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Telecom operators made upfront payments for spectrum on Thursday with Bharti Airtel depositing ₹6,323 crore, Reliance Jio Infocomm (RJio) making a payment of ₹5,019.84 crore and Vodafone Idea Ltd (VIL) ₹574.65 crore.
The payments were made to the Department of Telecommunications (DoT) for the recently concluded spectrum auction, sources close to the development said.
Spectrum aution: Telcos buy airwaves worth ₹77,815 crore
In the shortest spectrum auction since 2013, operators bought airwaves worth ₹77,814.80 crore in the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands on March 2.
RJio bought most spectrum worth ₹57,122.65 crore. RJio bought 488.35 MHz in the 800 MHz, 1800 MHz and 2300 MHz bands, while Bharti Airtel picked 355.45 MHz of spectrum amounting to ₹18,698.75 crore. VIL bought 11.8 MHz of airwaves worth ₹1,993.40 crore as the right to use spectrum. A total quantity of 2308.80 MHz spectrum was put for auction, including spectrum expiring by December 2021.
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