The Department of Telecommunications (DoT) is expected to issue a demand note to telcos this week for payment of spectrum they bought in the just-concluded spectrum auction.
The auction lasted for two days spanning seven rounds and witnessed the sale of 141.4 MHz of radio waves for Rs 113.4 billion. In all, 10,500 MHz of radiowaves used for mobile services worth over Rs 962.38 billion were placed on the block during the auction.
As per sources, the demand note would outline both options upfront payment or payment via instalments and is expected to be sent out early this week to various telecom companies. Further, as per the terms of the bid document, the payments have to be made within ten days of the issue of the demand note.
