Eight mobile phone companies are bidding for a total of 465 MHz of spectrum across four bands
The government has raised about Rs. 60,000 crore in the 2G spectrum auction on Wednesday.
"The bidding has taken place in all bands. At present, a value of approximately Rs 60,000 crore has been committed by bidders against the value (at reserve price) of around Rs 49,000 crore of provisionally won spectrum," the telecom department said in a release, adding that there were six rounds of bidding.
"There is still spectrum which is yet to be sold," it added.
Eight mobile phone companies are bidding for a total of 465 MHz of spectrum across four bands.
Among the telecom companies which are participating in the auction included Bharti Airtel, Vodafone, Idea Cellular and Reliance Jio Infocomm.
Though the auctions have started, there’s an ambiguity over its outcome as the Supreme Court has asked the government to declare the results only after its approval.
The next hearing on the matter is on March 26 so the government cannot announce the results of the auctions before it and the operators cannot claim equity based on its results.
Last year, the government raised Rs 612 billion from airwaves in cities including Mumbai and New Delhi. This year’s auction includes 20 circles covering 1.1 billion people, with the bidding starting today and lasting as long as two weeks.
The government has raised about Rs. 60,000 crore in the 2G spectrum auction on Wednesday.
"The bidding has taken place in all bands. At present, a value of approximately Rs 60,000 crore has been committed by bidders against the value (at reserve price) of around Rs 49,000 crore of provisionally won spectrum," the telecom department said in a release, adding that there were six rounds of bidding.
"There is still spectrum which is yet to be sold," it added.
Eight mobile phone companies are bidding for a total of 465 MHz of spectrum across four bands.
Among the telecom companies which are participating in the auction included Bharti Airtel, Vodafone, Idea Cellular and Reliance Jio Infocomm.
Though the auctions have started, there’s an ambiguity over its outcome as the Supreme Court has asked the government to declare the results only after its approval.
The next hearing on the matter is on March 26 so the government cannot announce the results of the auctions before it and the operators cannot claim equity based on its results.
Last year, the government raised Rs 612 billion from airwaves in cities including Mumbai and New Delhi. This year’s auction includes 20 circles covering 1.1 billion people, with the bidding starting today and lasting as long as two weeks.
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