Spectrum auction nets Rs8,000 cr on Day 5

There was aggressive bidding in 900 MHz band in Gujarat, Karnataka, Madhya Pradesh and Rajasthan circles.

By: ENS Economic Bureau | New Delhi | Published: March 10, 2015 1:15:08 am

Telecom firms continued with their aggressive bids for airwaves on Monday with the government adding Rs 8,000 crore on the fifth day of the spectrum auction, taking the total amount to Rs 94,000 crore at the end of 31 rounds of auction. In all, 7 rounds of auction were held on Monday.

Sources said bidding continued to be robust in 900 MHz, 800 MHz and 2100 MHz bands of spectrum, while bidding was normal in 1800 MHz. However, telcos have not yet bid for in 2100 MHz of 3G spectrum for Delhi and Mumbai circles.

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On day five, bidding for the 900 MHz band was up 65 per cent over the reserve price from 58 per cent on the fourth day of the auction. On day two, bidding for the 900 MHz band was already up 45 per cent over reserve price.

There was aggressive bidding in 900 MHz band in Gujarat, Karnataka, Madhya Pradesh and Rajasthan circles. However, in 800 MHz band, there were no bids for Delhi, Maharashtra, North-East, Madhya Pradesh, Assam and Andhra Pradesh. FE

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