Centre Begins Auction For Telecom Spectrum Worth Rs 96,238 Crore

The auction will see participation from three bidders: Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm.

The Centre on Tuesday announced it has begun the auction of spectrum worth Rs 96,238.45 crore for telecom services.

The total quantum of spectrum being auctioned is 10,522.35 MHz in various bands, valuing Rs 96,238.45 crore at reserve prices, said the Ministry of Communications.

The following spectrum bands will go up for bidding in the auction -- 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300 MHz and 26 GHz -- that starts at 10 a.m.