Telecom department gets Rs 2,307 crore from Jio, Airtel via immediate spectrum allocation

NEW DELHI: The telecom department on Friday completed assignment of frequencies to successful bidders of recently-concluded auctions, and said Rs 2,306.97 crore has been received earlier than expected from Reliance Jio and Bharti Airtel by assigning spectrum immediately, rather than at a scheduled later date.

An official release said that as part of the frequency assignment, the government accepted the request of two telecom operators Bharti and Reliance Jio for assignment of immediately available unsold spectrum blocks in place of spectrum blocks in the same band and circles assigned to them for later dates. “An amount of Rs 2306.97 crore (Rs 157.38 crore from Bharti and Rs 2149.59 crore from Reliance Jio) has been received immediately by the Government, rather than in August/ September, 2021,” it said.