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Day 12: Spectrum auction bids reach Rs 1,07,000 cr

The government’s spectrum auction kitty on Tuesday rose to Rs 1,07,000 crore at the end of 12th day of the biggest sale of 2G and 3G airwaves. As per the Department of Telecom (DoT), about 88 per cent spectrum has been provisionally allocated to telecom firms at the end of 74 rounds.

“The provisional amount committed by bidders at the end of 74th round is over Rs 1,07,000 crore. Majority of service areas are going at a premium over reserve price,? DoT said. The total auction proceeds stood at Rs 1,03,046 crore at the end of 11th day with over 87 per cent of the airwaves provisionally allocated to bidders. DoT said seven rounds of bidding were completed on Tuesday. “There is robust bidding going on in 1800 MHz, 900 MHz and 800 MHz bands,” it added. The auction will continue tomorrow as about 12 per cent of spectrum is yet to be sold. Sources said 800 MHz continued to see aggressive bidding with price increment in 3 circles.
Agencies

Agencies

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