Day 18 summary: Total bid amount rises to 1.09 lakh crore, bidding for the day closes with no excess demand in any circle

mobile-towerThe auction completed 6 rounds of bidding bringing the total to 110 rounds since the start of the auction process. By the end of the 110th round for the first time there was no surplus demand for spectrum in any band in any circle, but this does not mean that the auction is over yet. “The bidding is taking place in all bands. Brisk bidding was seen on 18th day of bidding, with activity requirement set at 100 percent. There is robust bidding going on in 900 MHz and 800 MHz bands,” the Department of Telecom (DoT) said in a statement.

“At the end of 110th round, about 89 percent of the spectrum has been provisionally allocated to bidders. The provisional amount committed by bidders at the end of 110th round is over Rs.109,000 crore. Majority of service areas are going at a premium over reserve price,” it said.

“The competitive bidding is expected to continue. There is still spectrum, which is yet to be sold. Bidding would recommence tomorrow i.e. 25-03-2015 at 9 a.m.,” the statement added.

The government is not disclosing the names of the successful bidders as yet as a case is pending before the Supreme Court. The next hearing on the case is on March 26. Incumbents Bharti Airtel and Vodafone are locked with Reliance Jio to protect their spectrum they need to carry voice and data in the world’s second-biggest smartphone market. In all, eight bidders are in the fray.

Keep reading TT for the latest updates on the auction process.

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3 Comments on "Day 18 summary: Total bid amount rises to 1.09 lakh crore, bidding for the day closes with no excess demand in any circle"

 

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Duaaes
March 25, 2015 1:19 pm 1:19 PM

THE WINNERS FOR TAMIL NADU CIRCLE & KERALA CIRCLE WILL BE:
TN CIRCLE
Idea, Reliance, Airtel, Vodafone,
Total Continue:
5 3G Operators
IDEA RELIANCE AIRTEL AIRCEL VODAFONE
………………………………………………XXXX…………………………….
KERALA CIRCLE
AIRTEL, VODAFONE, IDEA, Reliance, TATA DOCOMO

sachin
March 25, 2015 10:38 am 10:38 AM

Its a open secret that influential people of telecoms already know who has won or will get spectrum from “insider” source within the government. We the commen people are being deprived of information….after all the burdon of spectrum will eventually fall on our hhea in the form of price hike.

Pooja
March 25, 2015 6:28 am 6:28 AM

By the end of the 110th round for the first time there was no surplus demand for spectrum in any band in any circle, but this does not mean that the auction is over yet. – Then when will it get over ? AFAIK auctions are supposed to be over if demand is lesser than or equal to supply.

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