iWorld
Spectrum bid amount touches Rs 1.09 lakh crore; 11% spectrum available
NEW DELHI: The bid amount for the spectrum auctions has now touched Rs 109,000 crore at the end of 86 rounds on 19 March, even though bidding appears to have slowed down in 2100 MHz (catering to 3G) and 900 MHz.
With this about 11 per cent of the spectrum still remains and hence auction will continue for the 2100 MHz, 1800 MHz, 900 MHz and 800 MHz bands.
Active bidding was still on after six rounds were completed on the fourteenth day with a majority of service areas going at a premium over reserve price.
There is robust auction with 100 per cent activity requirement and activity in new service areas in 1800 MHz and 800 MHz bands.
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.
