2G Spectrum (900Mhz and 1800Mhz) Auction Ends, 9 Circles reported unsold in 1800 MHz

By February 13th, 2014 AT 6:31 PM

mobile-towerIndia’s 2G spectrum auction today ends with 68 rounds after 10 days, Government is likely to get total Rs.61,150 crore as upfront payment. Eight telecom companies participated in the auction which include largest mobile service provider Bharti Airtel, Vodafone, Idea Cellular, Uninor, Reliance Communications, Tata Docomo and new entrant – 4G operator Reliance Jio Infocomm.

The government had set a target of Rs. 40,874 crore for this fiscal year (FY14) from spectrum, including the auction amount, one-time spectrum charge and annual regular licence fee. The bidders can pay the part of the money upfront and the remaining amount in yearly instalments. At a minimum, the government would get an estimated Rs. 18,000 crore this fiscal, much higher than budget estimates of Rs. 11,300 crore.

As per the recent reports all spectrum blocks in 900MHz got sold out for Rs 23,589 Cr whereas for 1800Mhz 9 circles reported unsold.The current auction winners will have a validity of 20 years . The company wise winners list will be posted soon.

49
Leave a Reply

avatar
Photo and Image Files
 
 
 
28 Comment threads
21 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
30 Comment authors
Kaushik RoyPravinawadhesh kumarMane(Hanumangarh)Arif Recent comment authors
newest oldest most voted
Kaushik Roy
Kaushik Roy

Any news of significant tariff hike by any telcom operator after spectrum auction ?

Pravin
Pravin

It is the duty of the government of India to provide cheaper mobile call rates to its citizens but after high priced spectrum auction by central government all call rates are going higher and higher. All telephone users are facing a great deal of money loss. After the big fat 2g spectrum scam the government is highly attentive about all spectrum auctions throughout India on different mobile circles. By the way thanks a lot for such a nice and informative posting and i appreciate a lot for your blogging effort.

Recent Posts

D2h Aims to Retain Subscribers by Providing Long-Term Plans at Affordable Prices for Deactive Users

It seems that the Direct to Home service provider D2h has been pretty dormant lately. Previously we saw the provider...

Google Assistant Gets the Ability to Read Out Stories on Android, iOS Devices

Google is now allowing Assistant on Android and iOS devices to read out stories in English to people in India,...

BSNL 4G Now Available Across Several South Indian States, Providing Download Speeds Over 15 Mbps

Bharat Sanchar Nigam Limited (BSNL) has been slowly expanding its 4G coverage despite the lack of spectrum. In several South...