Spectrum auction: Govt to issue demand note to telcos this week for payment

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Spectrum auction: Govt to issue demand note to telcos this week for payment - Business Standard

Quick Summary:

Sunil Mittal's Airtel emerged as the biggest bidder for radio waves, cornering about 60 per cent of the Rs 11,341 crore worth of spectrum sold in this auction.

Airtel bid and won airwaves worth Rs 6,856.76 crore, and rival Mukesh Ambani's Reliance Jio - the market leader - got Rs 973.62 crore worth of spectrum - the least in the three-way contest.

The auction -- lasted for two days spanning seven rounds this time around - witnessed the sale of 141.4 MHz of radio waves for Rs 11,340.78 crore.