iWorld
Spectrum bid amount touches Rs 1.09 lakh crore after 110 rounds
NEW DELHI: The bid amount for the spectrum auctions has touched Rs 109,000 crore at the end of 110 rounds, though bidding remains slow in the 2100 MHz band, which caters to 3G and also showed a dip for the 1800 MHz band.
With 89 per cent of the spectrum having been provisionally allocated to bidders, about 11 per cent of the spectrum still remains. Competitive bidding will continue for the 2100 MHz, 1800 MHz, 900 MHz and 800 MHz bands.
Active bidding continued on the eighteenth day with a majority of service areas going at a premium over reserve price. There was robust auction with 100 per cent activity requirement and activity in new service areas in 900 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.
