Bharti Airtel Ltd, Vodafone Idea Ltd, and Reliance Jio Infocomm participated in the auction of spectrum on Monday. Bidding has taken place for spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands. The participants did not bid in 700 MHz and 2500 MHz bands.
The value of the spectrum for which there are provisional winning bids is Rs. 77,146 crore. This has already substantially exceeded pre-bid estimates of Rs. 45,000 crore.
A total of 2308.80 MHz spectrum is being put to auction, out of which there have been bids for 849.20 MHz so far.
Spectrum which will be assigned to the successful bidders is valid for 20 years. The auction will conclude today.
