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  1. Day 5: Rs 8,000 cr raised from spectrum auction

Day 5: Rs 8,000 cr raised from spectrum auction

There was aggressive bidding in 900 MHz band in circles like Gujarat, Karnataka, MP and Rajasthan

By: | New Delhi | Published: March 10, 2015 1:16 AM

Telecom companies 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, seven rounds of auction were held on Monday.

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

On day five, bidding for the 900 MHz band was up 65% over the reserve price from 58%  on the fourth day of the auction. On day two, bidding for the 900 MHz band was already up 45% over the reserve price. There was aggressive bidding in 900 MHz band in circles like Gujarat, Karnataka, M.P and Rajasthan on day five of the auction.

However in 800 MHz band, there was no bids for Delhi, Maharashtra, NE, M.P, Assam and  AP.  But telcos bid for Mumbai, HP, Odisha and Punjab circles.

In 2100 MHz band, telcos bid aggressively in Maharashtra, M.P, Kolkata, Kerala and Karnataka on day five. Karnataka had witnessed aggressive bidding on the fourth day.

On Saturday, the fourth day of auction, the bidding was robust in the 900 MHz band, while spillover was witnessed in all other three bands. Telecom companies aggressively bid for airwaves, especially in the 900 MHz band, on Saturday, adding Rs 9,000 crore on the day, taking the total amount to Rs 86,000 crore at the end of 24 rounds of auction.

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