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  1. Rs 9,000 cr raised from spectrum auction on Day 4

Rs 9,000 cr raised from spectrum auction on Day 4

Total mop-up from spectrum auctions touches R86,000 cr.

By: | New Delhi | Updated: March 8, 2015 12:38 AM
spectrum auction, spectrum auction govt, spectrum auction fund, spectrum auction raises

The bidding was robust in the 900 MHz band, while spillover was witnessed in all the other three bands. In all, seven rounds of auction were held on Saturday. PTI

Telecom companies aggressively bid for airwaves, especially in the 900 MHz band, on Saturday, with the government adding R9,000 crore on the fourth day of the spectrum auction, taking the total amount to R86,000 crore at the end of 24 rounds of auction.

In the 800 MHz band, telcos aggressively bid for Delhi, West Bengal, Gujarat and Punjab, circles that did not witness any bidding earlier.

Similarly, telcos also bid for new circles such as North-East and Rajasthan in the 1800 MHz band, while in the 2100 MHz band, telcos fiercely bid for Karnataka, which till yesterday saw minimum bidding.

The bidding was robust in the 900 MHz band, while spillover was witnessed in all the other three bands. In all, seven rounds of auction were held on Saturday.

On day two, bidding for the 900 MHz band was already up 45% over the reserve price, which rose to around 50%, and crossed over 56% on the fourth day of the auction.

The spectrum auction was also held on Friday, the third day of the auction, when six rounds of auction were held. There was demand for 800 MHz band in Jammu & Kashmir, Haryana and Orissa on the third day.

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