Millennium Post

Day 13: Spectrum auction kitty grows to record Rs 1.08 lakh cr

The government’s spectrum auction kitty on Wednesday rose to a record Rs 1.08 lakh crore at the end of 13th day with 89 per cent of the 2G and 3G airwaves put on sale provisionally allocated to telecom operators.

The activity, however, is slowing down as the premium 900 Mhz band and 2100 Mhz band, used for 3G services, did not see bidding for any circles on Wednesday. In the six rounds of auction completed on Wednesday, telecom operators continued to place bids for 800 MHz and 1800 MHz bands, which can be used for 4G services.

At the end of auction on Tuesday, the spectrum kitty had grown to Rs 1.07 lakh crore with about 88 per cent of airwaves provisionally allocated to bidders. The government had got about Rs 1.05 lakh crore from the sale of 3G and BWA spectrum in 2010.

In the auction held last year, the government netted Rs 62,162 crore. As per the Department of Telecom (DoT), “The provisional amount committed by bidders at the end of 80th round is over Rs 1,08,000 crore. Majority of service areas are going at a premium over reserve price.”   
Agencies

Agencies

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