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Spectrum auction bids stands at Rs 92,200 crore

Spectrum auction bids stands at Rs 92,200 croreThe spectrum auction for the year 2015 has witnessed 37 rounds of bidding, the highest bids secured across all the bands amounts to Rs 92,200 crore. As reported by IANS, a senior official said, “There was activity in two new service areas in 1,800MHz band. There is a shift in activity from 2,100MHz and 900MHz bands to 1,800MHz and 800MHz bands.”

The official also explained that as per the norms of the auction, a bidding company has to forego its bid for a particular band made earlier to a new band if it is seen that such a switch would prove beneficial, financially and in terms of spectrum management. This is the main reason for the drop in the bidding. He also added that, still some spectrum is remaining and the bidding will continue in the next round.

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

As per the IANS report, an internal note suggests, “The auction of spectrum in 2,100MHz, 1,800MHz, 900MHz and 800MHz Bands re-commenced on March 10 at 9 am and today six rounds of bidding were completed. Till now, 37 rounds of bidding has taken place.”

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

Presently, over 83 percent of the spectrum has been allocated to the bidders at the value of Rs 92,200 crore. The note further adds, “Majority of the service areas are going at a premium over the reserve price. With 100% activity requirement and activity in new service areas, the competitive bidding is expected to continue.”

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

Presently, Bharti Airtel and Vodafone are locked with Reliance Jio to protect their spectrum they need to carry voice and data in the world’s second-biggest smartphone market. In all, eight bidders are in fray. A total of 380.75MHz of spectrum is on offer in the premium 900MHz band, 1,800MHz and 800MHz while 5MHz is up for bidding in the 2,100MHz band across 17 out of 22 telecom areas or circles in the country.

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Heena Gupta

A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

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