The Department of Telecom (DoT) has received an advance payment of around Rs 17,876 crore from Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for spectrum won in the recent auction, sources said. While all telecom operators have opted to pay in 20 annual installments, Bharti Airtel has paid Rs 8,312.4 crore equivalent to four annual installments.
Reliance Jio Rs. 7,864.78 crore, Vodafone Idea Rs. 1,679.98 crore and Adani Data Network Rs. 18.94 crores.
“DoT has received a total payment of around Rs 17,876 crore. Only Bharti Airtel has paid four annual installments simultaneously,” an official source said.
In the country’s largest ever auction of telecom spectrum, a record Rs. 1.5 lakh crore worth of bids, Mukesh Ambani’s Jio bid for Rs. Almost half of all airwaves sold with 87,946.93 crore was bid.
Gautam Adani’s group has bid Rs 211.86 crore for 400 MHz which is not used for providing public telephony services.
Telecom tycoon Sunil Bharti Mittal’s Bharti Airtel successfully bid for Rs. 43,039.63 crores, while Vodafone Idea Ltd. spectrum Rs. 18,786.25 crores.
On Wednesday, telecom operator Airtel announced that it has added Rs. 8,312.4 crore to the Department of Telecom for spectrum acquired in the recently concluded 5G auction.
Along with the payment, Airtel has prepaid four years of 2022 spectrum. The company has Rs. There was a filling option. 3,848.88 crore in advance and remaining in 19 annual instalments.
Airtel said this upfront payment, along with a four-year moratorium on spectrum arrears and AGR (adjusted gross revenue), will free up future cash flow and allow Airtel to devote resources to focus on 5G. get out