DoT to issue demand notes to telcos on upfront payment for spectrum bought in auctions

The sources close to DoT revealed that the demand notes will be sent out to three companies this week, and entails largely the upfront payment for spectrum that is ready to be allocated. 

Spectrum will be offered for an assignment for a validity period of 20 years. In accordance with the auction terms, successful bidders can pay entire amount at one go, or exercise an option to pay a certain amount like 25% for spectrum won in 700 MHz, 800 MHz, 900 MHz bands or 50% for spectrum won in 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz bands upfront with remaining amount in a maximum up to 16 equated annual instalments, after a moratorium of 2 years. 

Source- Business Line

Link: auctions/article34012205.ece#:~:text=The%20Department%20of%20Telecommunications%20(DoT,%2Dconcluded%20auctions%2C%20sources%20said.&text=A%20DoT%20official%20said%20the,operator%2Dwise%20break%2Dup.

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