Which of the following statements is/are correct with reference to the spectrum auctions?

A. The spectrum will be assigned to bidders for a period of 20 years.

B. No bids were received for the premium 700 MHz and 2500 MHz bands.

C. Both A & B

D. None of these

Explanation:

The telecom spectrum auctions concluded after a day and a half of bidding, with the Centre garnering ₹77,814.80 crore in revenues. The amount exceeded the expectations of the government as well as analysts, as telcos focussed on renewing expiring spectrum and consolidating holdings in select bands. The spectrum will be assigned to bidders for a period of 20 years. No bids were received for the premium 700 MHz and 2500 MHz bands. The 700 MHz band remained unsold during the 2016 auctions as well due to the high prices.