Retaining 2G spectrum - Vodafone offers 4,000 crores

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Biyatris
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Joined: Mon May 27, 2013 2:28 pm

Retaining 2G spectrum - Vodafone offers 4,000 crores

#1 Postby Biyatris » Tue Jul 02, 2013 9:34 am

Vodafone India the nation's second largest telecom operator has offered to pay Rs. 4,000 crore for retaining premium 2G spectrum in three metros - Delhi, Mumbai and Kolkata, where its licences will expire next year.It offered to pay Rs.1,700 crore each for Delhi and Mumbai circles and Rs.600 crore for the Kolkata circle.
Vodafone had previously approached the court against the government plan to auction spectrum held by it.The Department of Telecom had earlier refused to give an automatic extension to the company that spectrum should be bought back by the operator in an auction.

The government plans to auction 900 Mhz spectrum held by Vodafone in Delhi, Mumbai and Kolkata. It is considered to be more efficient than the 1800 Mhz band that was put for auction on November 2012.As per last price fixed by government, Vodafone would be required to pay at over Rs 13,000 crore to retain the quantum of spectrum its holds in 900 Mhz band in these three circles, excluding annual spectrum usage charges.Sources said the telecom player has written to the Department of Telecommunications (DoT) that for extension of their licence for 20 years, they are willing to pay Rs 4,000 crore. :shock:

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