iWorld
Govt earns about Rs 96,000 crore in telecom spectrum auction; 16% spectrum still available
NEW DELHI: Approximately Rs 96,000 crore has already been committed in the sale of about 84 per cent of the spectrum provisionally allocated to bidders. Around 43 rounds have taken place in the auction of spectrum in 2100 MHz, 1800 MHz, 900 MHz and 800 MHz Bands with six rounds today.
As spectrum is still available, auction recommenced this morning. The bidding is taking place in all bands. Brisk bidding was seen on seventh day of bidding, with activity requirement set at 100 per cent.
There is aggressive bidding going on in 1800 MHz, 900 MHz and 800 MHz bands.
A majority of service areas are going at a premium over reserve price. With 100 per cent activity requirement and activity in new service areas, competitive bidding is expected to continue.
The government had initially expected to reap around Rs 49,000 crore from the auction.
