Jio, Airtel, VIL, and Adani Receive Demand Notices from Telecom Department

All four businesses that purchased spectrum in the recently finished auction have received demand notices from the Department of Telecommunications (DoT) requiring them to provide payments by August 16.

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The telcos have the choice of making 20 equal annual payments. The telecom companies may also opt to make a partial advance payment (which may be multiple full years with a minimum of two years) or the full sum.

Reliance Jio’s first tranche would be Rs 7,864 crore, while Bharti Airtel’s would be Rs 3,848 crore if the companies choose to pay in 20 equal instalments. According to the notices posted on the DoT website on Saturday, Vodafone Idea’s first instalment is worth Rs 1,679 crore, while Adani Data Networks, a new competitor, must pay Rs 18.94 crore. However, it is anticipated that the Adani group company will pay the entire 212 crore rupee bid amount.

Specifics regarding the payment

With a bid of Rs 88,078 crore, market leader Jio was the highest bidder in the 5G airwave auctions, which closed on Monday. Airtel and Vodafone Idea each purchased airwaves for Rs 43,084 crore and Rs 18,799 crore, respectively.

The DoT told the firms when issuing the demand notices that in the frequency range 25.5-27 GHz, a keep-out zone of 2.7 km radius may need to be given from a place in Gujarat and the Andaman & Nicobar islands that may be defined in the future.

As a result, the corporations might be forced to move their transmitters as needed, in which case a pro-rata reduction in the overall payment responsibility will be permitted, effective as of the later date of such exclusion or the date of transmitter relocation.