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Spectrum auction concludes after 6 rounds, govt revenue seen at over Rs 11,000 cr

Money Control

Money Control · 1y ago

Spectrum auction concludes after 6 rounds, govt revenue seen at over Rs 11,000 cr

The recently concluded spectrum auction for mobile radiowaves services in India witnessed bids worth over ₹11,000 crore ($1.5 billion). Bharti Airtel emerged as the largest bidder in the auction, which saw telecom operators like Reliance Jio and Vodafone Idea competing for spectrum crucial for high-speed 5G mobile services. The auction, containing over 10,500 MHz spectrum in eight frequency bands, holds immense significance for the rapid rollout of 5G technology in the country.

Related News

Jio Seeks DoT Approval to Use 26 GHz Band Spectrum For WiFi

OutlookIndia

OutlookIndia · 5m ago

Jio Seeks DoT Approval to Use 26 GHz Band Spectrum For WiFi

Reliance Jio has requested approval from the Department of Telecommunications (DoT) to use the 26 GHz spectrum band for WiFi services. Jio dominated the 2022 telecom spectrum auction, acquiring almost half of the available airwaves for Rs 88,078 crore. The auction, raising Rs 1.5 lakh crore in total, showcased Jio's significant investment. The approval is sought to switch technologies while adhering to international standards and auction guidelines.

Airtel prepays Rs 7,900 cr to fully clear 2012, 2015 spectrum auction dues

Money Control

Money Control · 1y ago

Airtel prepays Rs 7,900 cr to fully clear 2012, 2015 spectrum auction dues

Bharti Airtel has paid Rs 7,904 crore to the Department of Telecom, clearing all its deferred liabilities for acquiring spectrum between 2012 and 2015. This payment fully prepaid all the liabilities related to the auction, which had an interest cost of 9.75% and 10%. Earlier in January, Airtel had prepaid Rs 8,325 crore towards its deferred liabilities. The total dues for the 2015 auction were estimated to be Rs 10,000 crore to Rs 12,000 crore.

Trump and Congress finalize law that could hurt your Wi-Fi

Arstechnica

Arstechnica · 3m ago

Trump and Congress finalize law that could hurt your Wi-Fi

A new law signed by President Trump allows the FCC to auction spectrum, potentially taking it from Wi-Fi networks, including the 6 GHz band, used for next-gen Wi-Fi. Despite the House's initial resistance, the law was passed to help meet consumer demand and enhance U.S. wireless networks. However, this shift could challenge rural broadband providers and slow Wi-Fi performance nationwide by reallocating crucial unlicensed spectrum to mobile carriers.

Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 years

Economic Times

Economic Times · 1m ago

Jaiprakash Associates bid: Vedanta offers Rs 4,000 cr upfront payment, rest over 5-6 years

Vedanta Ltd has emerged as the highest bidder in the auction for debt-laden Jaiprakash Associates Ltd (JAIL), offering an upfront payment of Rs 4,000 crore subject to NCLT approval, with the balance staggered over 5-6 years. The bid's net present value (NPV) is Rs 12,505 crore. Vedanta's acquisition aligns with its business in power and mining sectors, anticipating synergies from JAIL's assets, including limestone and coal mines.

DoT auctions Rs 17.23 lakh cr spectrum, sells only Rs 5.64 lakh cr with 32.7% efficiency

Economic Times

Economic Times · 2m ago

DoT auctions Rs 17.23 lakh cr spectrum, sells only Rs 5.64 lakh cr with 32.7% efficiency

From 2010 to 2024, India's Department of Telecommunications auctioned spectrum worth Rs 17.23 lakh crore but sold only Rs 5.64 lakh crore, achieving 32.7% efficiency. Initial auctions were highly competitive with high value sales, but post-2016 dynamics shifted due to market consolidation and high reserve prices which deterred bidding. The report suggests revising reserve pricing to better reflect market conditions, stimulating competition and potentially increasing revenue despite fewer active bidders in recent auctions.

Govt Keen On Launching Satcom Services By Jan 2026

Inc42 · 1m ago

Govt Keen On Launching Satcom Services By Jan 2026

The Indian government plans to launch satellite communication (satcom) services by January 2026. The Digital Communication Commission, the highest decision-making body in the Department of Telecommunications, will soon discuss policies, regulations, and licenses related to the satcom rollout. The Telecom Regulatory Authority of India recommended assigning spectrum administratively for five years, setting spectrum pricing at 4% of operators’ adjusted gross revenue. This initiative aims to enhance connectivity and communication infrastructure in the country.

India to allot satellite internet airwaves without auction in win for Musk

Economic Times

Economic Times · 1y ago

India to allot satellite internet airwaves without auction in win for Musk

India has proposed a licensing approach for satellite internet services, exempting companies like Elon Musk's Starlink from having to bid for spectrum. This move is seen as a win for Starlink and other global firms like Amazon's Project Kuiper. However, it is a setback for Reliance Jio, as foreign firms had demanded an auction for a level playing field. The proposal is part of a new draft bill for the telecommunications sector, which also empowers the government to restrict telecom equipment use based on national security concerns.

L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25

Entrackr

Entrackr · 24d ago

L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25

L'Oréal India’s profit jumps 23% to Rs 597 Cr in FY25 L'Oréal India managed single-digit year-on-year revenue growth for the fiscal year ending March 2025. However, the Indian arm of the French cosmetics major increased its profit after tax (PAT) by 20% in FY25, approaching the Rs 600 crore threshold. The company’s revenue from operations rose 6% to Rs 5,925 crore in the fiscal year ending March 2025, compared to Rs 5,576 crore in FY24, as per its financial statements filed with the Registrar of Companies (RoC). The company made 96% of its revenue from the sale of products, which contributed Rs 5,687 crore to the operating revenue in FY25, which increased 6% from Rs 5,368 crore in FY24. Income from services, which includes contract research and innovation income along with service recharge income, grew 15.5% to Rs 234 crore. Advertising expenses continued to dominate the cost structure, accounting for 32% of the overall spend, though it contracted 3% to Rs 1,663 crore in FY25 from Rs 1,714 crore in FY24. Cost of material consumed grew 6% to Rs 1,329 crore, making up 26% of the expenditure, while employee benefits rose 8.3% to Rs 576 crore during the last fiscal year. Other expenses, including transportation and miscellaneous overheads, stood at Rs 1,445 crore during the year. Overall, total expenses inched up by just 2.8% to Rs 5,162 crore in FY25 from Rs 5,023 crore in FY24. With the company’s revenue growth outpacing expense, L'Oréal India increased its profit by 23% to Rs 597 crore in FY25. Its ROCE and EBITDA margin stood at 86.85% and 15.57%, respectively. On a per-unit basis, L'Oréal India spent Rs 0.87 to earn a rupee of operating revenue in FY25, an improvement over Rs 0.90 in FY24. The company closed the last fiscal year with Rs 515 crore in cash and bank balances, while current assets grew to Rs 2,045.

Wait for WiFi 6 gets longer over spectrum licensing issues

Economic Times

Economic Times · 1m ago

Wait for WiFi 6 gets longer over spectrum licensing issues

The Department of Telecommunications (DoT) in India has delayed notifying rules for delicensing the lower 6 GHz spectrum, extending the wait for faster WiFi technologies like WiFi 6E and 7. A committee has been formed to study technical and interference issues. This delay affects the rollout of high-speed internet services and economic opportunities in India, potentially costing Rs 12.7 lakh crore annually. The tech and telecom industries hold divergent views on spectrum allocation.

PLI schemes attract Rs 1.76 lakh cr investment, create 12 lakh jobs: Govt

Economic Times

Economic Times · 4m ago

PLI schemes attract Rs 1.76 lakh cr investment, create 12 lakh jobs: Govt

India's production-linked incentive (PLI) schemes have attracted Rs 1.76 lakh crore in investments and generated over Rs 16.5 lakh crore in output, creating 12 lakh jobs by March 2025. The government has disbursed Rs 21,534 crore across 14 sectors, including electronics, pharma, and textiles. The PLI program aims to boost domestic manufacturing, reduce imports, and enhance exports. Significant growth has been seen in sectors like pharmaceuticals, food processing, and textiles, benefiting MSMEs and rural areas.

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