Day 16 summary- Total bid amount touches 1.07 Lakh Crore, robust demand for 900MHz

The spectrum auction completed 5 rounds of bidding, bringing the total up to 97 rounds till date. “At the end of 97th round, about 88 percent of the spectrum has been provisionally allocated to bidders. The provisional amount committed by bidders is over Rs 1,07,000 crore,” Department of Telecom said.

On Day 16 the 900MHz band witnessed activity in Rajasthan, UP East and UP West. The 800MHz band saw activity in Madhya Pradesh and North East circles. There was no fresh demand for 2100MHz band and spectrum in that band still remains unsold in Mumbai, Delhi and Andhra Pradesh. At the end of round 97 there was surplus demand only in 900MHz only in Rajasthan circle.

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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. Care Ratings in a report has said that “the consumers will have to bear the brunt of tariff hikes which will become inevitable for the operators to realise returns on these huge investments.”

The auction will continue on Monday as there is still some spectrum left which is yet to be sold. The results will only be declared by DOT after the hearing of the operators’ cases by Supreme court on 26th March.

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3 Comments on "Day 16 summary- Total bid amount touches 1.07 Lakh Crore, robust demand for 900MHz"

 

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Ashish
March 22, 2015 1:02 pm 1:02 PM

If tata & Aircel would have been allowed to bid, that 2100 Mhz spectrum would have been sold in mumbai.
I guess it will remain unsold till the end as no other operator needs it.

sachin
March 22, 2015 10:29 am 10:29 AM

Government babu’s have won big lottery with this auction…and its a open permission for telecoms to milk the consumers for next 20 years. “Mehenge Din aane wale hai”. 1GB data will cost at least 3 times that of 1lite petrol.

Mudassar
March 22, 2015 8:15 am 8:15 AM

No aggressive bids for Mumbai till yet?

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