iWorld
Spectrum bid continues over Rs 1.08 lakh crore; activity slow for 2100 & 900 MHz
NEW DELHI: The bid amount for the spectrum auctions has now touched Rs 1.08 lakh crore at the end of 80 rounds on 18 March, even though bidding appears to have slowed down in 2100 MHz, which caters to 3G and 900 MHz.
With this, about 89 per cent of the spectrum has been provisionally allocated in the 2100 MHz, 1800 MHz, 900 MHz and 800 MHz bands.
Active bidding was still on at the end of the 80th round with six rounds completed on the eleventh day with majority of service areas going at a premium over the 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.
