Airtel, Vodafone, Idea apply to bid in mega Spectrum auction
Telecom majors Bharti Airtel , Vodafone and Idea Cellular are learnt to have submitted their applications to participate in the largest-ever spectrum auction scheduled to start from October 1. "Airtel, Vodafone and Idea Cellular have submitted their application forms," an official source said. Interested bidders were asked to submit their applications by today for the auction that will see airwaves worth Rs 5.63 lakh crore go on sale.
The government will start from October 1 the mega spectrum auction in which mobile frequencies in all bands -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz and 2300 Mhz -- will be put on the block. The finance ministry in the budget pegged the revenue at Rs 98,995 crore from the telecom space, which includes Rs 64,000 crore from the auction of about 2,354.55 Mhz of spectrum and the rest from various levies and services this financial year. All the radio waves being put up for auction can be used for high-speed 4G services.
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Telecom majors Bharti Airtel , Vodafone and Idea Cellular are learnt to have submitted their applications to participate in the largest-ever spectrum auction scheduled to start from October 1. "Airtel, Vodafone and Idea Cellular have submitted their application forms," an official source said. Interested bidders were asked to submit their applications by today for the auction that will see airwaves worth Rs 5.63 lakh crore go on sale. 
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