Sixth day of Spectrum Auction for 900 Mhz and 1800 Mhz bands received bids worth Rs. 56,190 crore after 40 rounds
The government has received bids price R56,190 large integer from telecommunication corporations when forty rounds of bidding on the sixth day of the continued spectrum auction for 900 megahertz and 1800 megahertz bands.
“A total of forty rounds square measure over. Bids price around R32,833.72 large integer square measure received for 1800 megahertz and R23,356.18 large integer for 900 megahertz. a complete of R56,189.90 crore,” telecommunication secretary radio frequency Farooqui aforementioned.
The auction started off with the thirty sixth spherical this morning. At the top of thirty five rounds on Fri, bids price around R54,600 large integer had been received by the govt. Sources aforementioned there was bidding for all the sixteen blocks place up purchasable in Delhi; in five out of sixteen blocks in metropolis and in twelve out of fourteen blocks in Calcutta for the premium 900 megahertz band within the forty first spherical.
Delhi, UP (West), Assam, Gujarat and Maharashtra geographical region are witnessing excess demand for 1800 megahertz. The auction for the 2 bands, that are used for 2G services thus far, have received a powerful response. The auction in Gregorian calendar month 2012 lasted for two days and March auction last year lasted daily.
In Gregorian calendar month 2012, bids price R9,407 large integer were received for spectrum price R28,000 on supply. In March 2013, no GSM operator bid at the auction and solely CDMA operator Sistema Shyam bought spectrum for regarding R3,600 large integer in eight of the twenty one service areas.
There is no point in time for the sale of spectrum and therefore the length of this auction can rely on the appetence of the eight corporations within the fray — Bharti Airtel, Vodafone, plan Cellular, Reliance Jio Infocomm, Aircel, Tata Teleservices, Telewings (Uninor) and Reliance Communications.
