Providing respite to the government, which is struggling to fund its fiscal deficit, telecom firms have together put in bids of around Rs 42,000 crore on the first day of 2G spectrum auctions, higher than estimated target of Rs 40,874.50 crore from auctions and other charges, of which Rs 11,300 crore is expected in the current financial year.
Eight mobile phone companies put their bids for 385 Mhz of airwaves in the 1800 Mhz band and 46 Mhz in 900 Mhz band in the long-anticipated auction which was conducted in seven rounds. Overall, the government received bids to the tune of Rs 19,051 crore for the prime 900 MHz in the Delhi, Mumbai and Kolkata circles, and Rs 25,573 crore for the 1,800 MHz airwaves in 22 circles at the end of the seventh round of bidding.
For more efficient 900 Mhz airwaves, which drew no takers in the previous auction, the Mumbai circle saw the maximum increase of 44 per cent to Rs 473.24 crore per Mhz against base price of Rs 328 crore per Mhz. The price increased by 38.52 per cent to Rs 172.16 crore per Mhz against base price of Rs 125 crore per Mhz for Kolkata, while Delhi saw an increase of 19.14 per cent to Rs 428.92 per Mhz from Rs 360 crore per Mhz. For 1800 Mhz band spectrum, four circles -- Gujarat, Bihar, West Bengal and UP West -- saw massive demand.
Eight mobile phone companies put their bids for 385 Mhz of airwaves in the 1800 Mhz band and 46 Mhz in 900 Mhz band in the long-anticipated auction which was conducted in seven rounds. Overall, the government received bids to the tune of Rs 19,051 crore for the prime 900 MHz in the Delhi, Mumbai and Kolkata circles, and Rs 25,573 crore for the 1,800 MHz airwaves in 22 circles at the end of the seventh round of bidding.
For more efficient 900 Mhz airwaves, which drew no takers in the previous auction, the Mumbai circle saw the maximum increase of 44 per cent to Rs 473.24 crore per Mhz against base price of Rs 328 crore per Mhz. The price increased by 38.52 per cent to Rs 172.16 crore per Mhz against base price of Rs 125 crore per Mhz for Kolkata, while Delhi saw an increase of 19.14 per cent to Rs 428.92 per Mhz from Rs 360 crore per Mhz. For 1800 Mhz band spectrum, four circles -- Gujarat, Bihar, West Bengal and UP West -- saw massive demand.
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