Indian govt. receives Rs 17,876 crore upfront payment from telecom operators for 5G spectrum

  • The Department of Telecom has received upfront payment of around Rs 17,876 crore from Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for spectrum they won in a recent auction.
  • While all telecom operators have opted to make payments in 20 annual instalments, Bharti Airtel has paid Rs 8,312.4 crore equivalent to four annual instalments.

[Via]

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