The upcoming spectrum auction slated for June 6, 2024, is anticipated to see subdued interest, with only Reliance Jio, Bharti Airtel, and Vodafone Idea applying for participation. Unlike in 2022, there are no new entrants, dampening expectations. Despite the Cabinet’s approval for auctions across eight spectrum bands, totaling `96,317.65 crore, analysts suggest that existing players may focus solely on acquiring airwaves in regions where their current frequencies are nearing expiration. The deadline for bid applications was May 6.
Limited Participation Expected in Upcoming Spectrum Auction
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