iWorld
Spectrum auction ends with bid amount crossing Rs 1.09 lakh crore
NEW DELHI: Around eleven per cent of the spectrum has remained unsold after the auction came to a close on 25 March with bid amounts touching a whopping Rs.109,874 crore.
The auction lasted nineteen days with a total of 115 rounds.
Communications and Information Technology sources told Indiantelevision.com that the entire spectrum could not be sold because of a slowdown in 2100 MHz band, which caters to 3G and a dip for 1800 MHz band.
The other bands up for auction were 900 MHz and 800 MHz, which saw robust action. A majority of service areas were auctioned at a premium over reserve price.
The government had initially expected to reap around Rs 49,000 crore from the auction, though the Communications and IT Ministry sources had later predicted that it would get close to Rs 1 lakh crore.
