Spectrum auction day eight, 6 rounds of bidding were completed on Thursday bid reached Rs 1,02,057 crore in all four spectrum bands at the end of till now 49 rounds were completed on the eight day of the auction.

At the end of day seven, 43 rounds of bidding were completed on Wednesday, bid reached Rs 96,000 crore.

Eight private telecom operators including Airtel, Vodafone, Idea, RCom, Reliance Jio, Tata Docomo, Aircel and Uninor are participating in the spectrum auction.

86% of the spectrum has been provisionally allocated to bidders at the end of day eight, 49 rounds of bidding were completed.

Mumbai and Delhi saw aggressively bidding in the 800 MHz band and also in Madhya Pradesh, North East regions as well. The maximum bids of 78 were received for Tamil Nadu circle and the second highest bids of 75 were received for Odisha circle as well.

Reliance Jio Infocomm has submitted the highest EMD of about Rs. 4,500 crores, followed by Bharti Airtel with Rs. 4,336 crores, Idea Cellular with Rs. 4,000 crores, Vodafone with Rs. 3,700 crores, Tata Teleservices with Rs. 1,500 crores, Reliance Communications with Rs. 1,175 crores, Telewings (Uninor) with Rs. 724.95 crores and Aircel with Rs. 500 crores.

DoT has fixed the pan-India per megahertz reserve price for the 800MHz CDMA band at Rs 3,646 crore; for the 900 MHz band Rs 3,980 crore (excluding Delhi, Mumbai, Kolkata, and J&K); for the 1,800MHz band Rs 2,191 crore (excluding Maharashtra and West Bengal) and for 2,100 MHz Rs 3,705 crore.

While 5MHz of frequency will be auctioned in the 3G band of 2,100 MHz, a total of 380.75MHz will be sold in other frequencies — 103.75MHz in 800MHz band, 177.8 MHz (in 17 circles) in the 900 MHz band and 99.2MHz (in 15 circles) in the 1,800MHz band.

Seven licenses each of Idea Cellular and Reliance Communications, four licenses of Bharti Airtel and six licenses of Vodafone will complete their 20-year term in December 2015, after which they have to be renewed.

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.