DoT to slap demand notice on telecos

New Delhi: The Telecom Department (DoT) is expected to issue a demand note to telecos 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 Rs11,340.78 crore. In all, 10,500 MHz of radiowaves used for mobile services worth over Rs96,238 crore were placed on the block during the auction started on June 25.

Sunil Mittal’s Airtel emerged as the biggest bidder for radio waves, cornering about 60 per cent of the Rs11,341 crore worth of spectrum sold in this auction. Airtel bid and won airwaves worth Rs6,856.76 crore.