On the fourth day of the ongoing spectrum auction for 900 MHz band in three metro circles and 1800 MHz band in 22 circles, the government after completion of 28 rounds has received bids totaling Rs 53,000 crore.
According to data published by the department of telecommunications (DoT), the eight telecom companies, including Mukesh Ambani's Reliance Jio Infocomm, Bharti Airtel and Vodafone, participating in the auction placed bids for around 70% of the spectrum available in the 1,800 MHz band.
The day four of the 2G auctions saw demand stabilizing for the efficient 900 Mhz spectrum and the fight shifting to the 1,800 Mhz band. Of the 22 circles where 1,800 MHz band spectrum was up for grabs, high bids were seen for Assam, Gujarat, Bihar and Maharashtra circles where the base price is not high and operators expect long-term revenue growth.
With two failed attempts earlier in November 2012 and March 2013, this is the third time the government is auctioning 2G spectrum in the last 15 months. The realizations of 2G auction would be used for funding fiscal deficit.
According to data published by the department of telecommunications (DoT), the eight telecom companies, including Mukesh Ambani's Reliance Jio Infocomm, Bharti Airtel and Vodafone, participating in the auction placed bids for around 70% of the spectrum available in the 1,800 MHz band.
The day four of the 2G auctions saw demand stabilizing for the efficient 900 Mhz spectrum and the fight shifting to the 1,800 Mhz band. Of the 22 circles where 1,800 MHz band spectrum was up for grabs, high bids were seen for Assam, Gujarat, Bihar and Maharashtra circles where the base price is not high and operators expect long-term revenue growth.
With two failed attempts earlier in November 2012 and March 2013, this is the third time the government is auctioning 2G spectrum in the last 15 months. The realizations of 2G auction would be used for funding fiscal deficit.
No comments:
Post a Comment