Spectrum auction begins; radiowaves valued at Rs 3.92 lakh crore up for bidding

Spectrum auction in India began on Monday, with 2,251.25 megahertz (MHz) radiowaves valued at Rs 3.92 lakh crore up for bidding. The auction entailing seven frequency bands for mobile services — 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz and 2500 MHz bands — is currently underway, industry sources said.

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