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Policy & Regulation
Day 14: Telecom spectrum auction bids reached Rs 1,09,000 crore
TT Correspondent |  |  20 Mar 2015

Spectrum auction day fourteen, 6 rounds of bidding were completed on Thursday bid reached Rs 1,09,000 crore in all four spectrum bands at the end of till now 86 rounds were completed on the 14th day of the auction.

At the end of day fourteen in Delhi, Maharashtra and North East saw aggressively bidding in the 800 MHz band. The maximum bids of 85 were received for Tamil Nadu circle and the second highest bids of 75 were received for Punjab circle as well.

The surplus demand in 1800 MHz band and 800 MHz band but in 900MHz band and 2100MHz band activity is getting slow down.

Shifted from 2G (900 MHz band) to CDMA (800 MHz band) and under new rules, telcos can be used to offer 4G LTE services.

89% of the spectrum has been provisionally allocated to bidders at the end of day fourteen, 86 rounds of bidding were completed.

The telecom spectrum auction will continue on Friday as there is still some spectrum left which is yet to be sold.

This revenue collected in any auction till now and will help the current government to easily meet its fiscal deficit target of 4.1% of the GDP in this fiscal.

But the Supreme Court also order that the auction results can be declared only with the court's approval has left many uncertain as well.

The order also said that no winner can claim any "equity" just because it won a bid and the next hearing is on March 26.

    
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20 Mar 2015(IST)  
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