Millennium Post

Day 14: Govt’s spectrum auction kitty grows to Rs 1.09 lakh cr

The government’s telecom spectrum auction kitty on Thursday rose marginally to reach Rs 1.09 lakh crore at the end of the 14th day with robust bidding taking place in the 800 MHz band.

The spectrum auction has already generated record amount in terms of the bids committed.
The Department of Telecom said: “The provisional amount committed by bidders at the end of 86th round is over Rs 1,09,000 crore... Over 89 per cent of spectrum has been provisionally allocated to bidders.”

At the end of auction on Wednesday, the spectrum kitty had grown to Rs 1.08 lakh crore with about 89 per cent of radiowaves provisionally allocated to the bidders.

The government had got about Rs 1.06 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.

The auction will continue tomorrow as there is still some spectrum left which is yet to be sold.

“Robust bidding is going on in 1800 Mhz and 800 Mhz bands and the competitive bidding is expected to continue,” DoT said. Sources said five circles in 800 MHz, two circles in 1800 Mhz and
one circle in 900 MHz witnessed bidding.
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