The Department of Telecommunications (DoT) will be issuing demand notes to the telecom operators soon for an upfront payment for spectrum acquired in the recent auctions.
The demand note follows auctions raking-in winning bids of over Rs 778 billion, for 855.6 MHz of spectrum. According to industry sources, the demand notes to be sent to the telcos is totals around Rs 200 billion.
As per the auction terms, successful bidders can pay entire bid amount in one go, or exercise an option to pay a certain amount upfront with remaining amount in a maximum up to 16 equated annual instalments, after a moratorium of two years. Spectrum will be offered for assignment for a validity period of 20 years.
