Spectrum auction: Govt to issue demand note to telcos this week for payment

The telecom department is expected to issue a demand note to telcos this week for payment of spectrum they bought in the just-concluded auction, according to a source.

The auction — lasted for two days spanning seven rounds this time around – witnessed the sale of 141.4 MHz of radio waves for Rs 11,340.78 crore.

In all, 10,500 MHz of radiowaves used for mobile services worth over Rs 96,238 crore were placed on the block during the auction started on June 25.