Government garners bids worth Rs 86,000 crore form spectrum auction

We reported earlier that the government has managed to garner the bids worth Rs 77,000 crore after the three days of the spectrum auction. After the fourth day of the spectrum auction, the government has managed to cross the minimum target of Rs 82,000 crore and has got the commitments worth Rs 86,000 crore from the telcos biding at the spectrum auction 2015.  The auction is still going on as there is some unsold spectrum left. It is quite possible that the government might earn above Rs 1 lakh crore if bidding goes on at such a pace.

As reported by PTI, DoT stated, “The bidding has taken place in all bands. At present, a value of approximately Rs 86,000 crore has been committed by bidders in respect of provisionally won spectrum. Bidding would recommence on Monday.” Till now, 24 rounds of bidding have taken place in four days. At the end of 17 rounds yesterday, the value stood at Rs 77,000 crore.

Also Read: Government Rs 60,000 crore commitments from first day of spectrum

The circles of Delhi, Gujarat, Punjab and West Bengal witnesses’ extensive bidding in the 800 MHz band, on the other hand, in the 1800 MHz band the Rajasthan and North East zone saw new bids. The telecom operators Airtel, Vodafone and Reliance Jio to protect their spectrum they need to carry voice and data services.

Also Read: Government gathers bids worth Rs 77,000 croreon the third day of spectrum auction

This is the biggest spectrum sale of 2G and 3G airwaves, where government is selling spectrum in four bands: 2,100 megahertz (Mhz), 1,800 MHz, 900 MHz and 800 MHz. A total of 380.75 MHz of spectrum is on offer in the premium 900 MHz band, 1,800 MHz and 800 MHz while 5 MHz is up for bidding in the 2,100 MHz band across 17 out of 22 telecom areas or circles in the country.