On Wednesday, the Department of Telecommunications (DOT) received more than Rs 17,873 crore from businesses as payment for the unpaid 5G spectrum. Bharti Airtel paid the majority of the sum (Rs 8312.4 crore), paying in advance for four years to free up funds for additional initiatives.
Vodafone Idea and Reliance Jio each contributed Rs 7,864 crore and Rs 1,680 crore, respectively. Adani Enterprises is said to have paid Rs 18 crore to buy spectrum for captive private networks.
The DoT’s initial assessment differs from the first payment made by telecom providers toward their 5G spectrum obligations. The department had projected that these enterprises will contribute Rs 13,365 crore. Over Rs1.5 trillion worth of spectrum was purchased by the three private mobile service providers and the Adani Group. With a spectrum purchase for Rs 88,078 crore, Reliance Jio was the largest buyer.
During the most recent 5G spectrum auction, Airtel, which intends to launch commercial 5G services this month, purchased 19,867 MHz of spectrum in several bands for Rs 43,084 crore. This covered 3.5 GHz, 26 GHz, and certain low- and mid-band frequencies.
Spectrum worth Rs18,799 crore and Rs212 crore, respectively, were purchased by Vodafone Idea and Adani Enterprises. These businesses may pay in full or in part for the spectrum up front in accordance with DoT regulations. Additionally, businesses have the choice to pay in 20 equally spaced annual installments, with a 7.2% interest rate that protects the net present value of the bid amount.
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