Bidding For Spectrum Auction To Start From March 1: DoT Notice
Bidding for the sixth round of spectrum auction for radiowaves worth Rs 3.92 lakh crore will start from March 1, according to a notice issued by the government on Wednesday.
The Union Cabinet had approved a proposal for the auction of 2,251.25 Megahertz of spectrum worth Rs 3.92 lakh crore at the base price on Dec. 17, 2020.
The Department of Telecom has fixed Jan. 12 for the pre-bid conference and last date for seeking clarification to the notice on Jan. 28.
Telecom operators will need to submit their application by Feb. 5 for participation in the auction.
The final list of the bidders will be declared on Feb. 24 and bids for spectrum in frequency bands of 700 MHz, 800Mhz, 900 Mhz, 2100 Mhz, 2300 Mhz and 2500 MHz is scheduled to start from March 1, according to the notice.