The Ministry of Telecommunications said to receive Rs. 17,876 Crore from operators as prepayment for 5G spectrum

The Department of Telecommunications (DoT) received an upfront payment of around Rs 17,876 crore from Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for the spectrum they won in a recent auction, according to sources. believe. While all telecom operators have opted to pay 20 times yearly, Bharti Airtel paid Rs 8,312.4 which is equivalent to 4 installments yearly.

Reliance Jio made payment of Rs. 7,864.78 crore, Vodafone idea Rs. 1,679.98 crore and Adani Data Network Rs. 18.94 crore.

“DoT has received a total payout of around Rs 17,876. Only Bharti Airtel an official source said it has paid four installments annually.

The country’s largest ever telecom spectrum auction received a record Rs. The bid was 1.5 lakh crore, with Mukesh Ambani’s Jio accounting for almost half of all broadcasts sold for Rs. 87,946.93 crore bid.

Gautam Adani’s team has placed a bid worth Rs 211.86 for the 400 MHz band in the band that is not being used to provide public telephone services.

Bharti Airtel by telecom tycoon Sunil Bharti Mittal has successfully bid Rs. 43,039.63 crore, while Vodafone Idea Ltd buys spectrum for Rs. 18,786.25 crore.

On Wednesday, telecom operator Airtel announced that it paid Rs. 8,312.4 crore to the Ministry of Telecommunications for spectrum fees acquired in recently concluded 5G auctions.

With the payment, Airtel prepaid four years of the 2022 spectrum fee. The company had an option to pay Rs. 3,848.88 crore upfront and the rest in 19 annual installments.

Airtel said it believes this upfront payment, along with a four-year suspension of spectrum fees and AGR-related payments (adjusted gross revenue), will free up cash flow in future and allows Airtel to dedicate resources to focus entirely on 5G deployment.

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