Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) have confirmed their participation in the upcoming spectrum auction in India, with a total reserve price of Rs 96,317 crore ($13.2 billion).
The Department of Telecommunications (DoT) has postponed the spectrum auction to June 6 due to general elections. The auction catalogue will provide important information to bidders. The DoT clarified that there won’t be a need for bank guarantee and performance bank guarantee for spectrum assignment.