Deferred spectrum dues to make up most of 30% telecom revenue jump

New Delhi: A 30% jump in the expected revenue toRs 89,469.17 crore from the telecom sector in FY24, as estimated in the budget, will be primarily made up of the deferred spectrum payments from the 2021 and 2022 auctions with a small part from another sale in the next fiscal year, officials said.

As per officials aware of the details, the Department of Telecommunications (DoT) plans to auction E (71-76 GHz and 81-86 GHz) and V (57-64 GHz and 64-71 GHz) bands along with satellite airwaves, which won’t net much-around Rs 5,000 crore to Rs 8,000 crore, while Rs 17,000 crore-Rs 18,000 crore is likely to come from deferred spectrum payments. The E and V bands can be used for backhaul as well as mobile services.