Government has garnered bids worth around 77,000 crore rupees at the end of three days of spectrum auction as telecom operators continued to bid aggressively. Department of Telecom said, till now, 17 rounds of bidding have taken place in three days. It said, there is still spectrum, which is yet to be sold and the auction will continue today. The government is expecting to raise over 82,000 crore rupees from the auction, but the final amount is expected to go much higher if bids continue at such an aggressive pace. The auction is the biggest ever sale of 2G and 3G airwaves where government is selling spectrum in four bands 2100 megahertz (Mhz), 1800 MHz, 900 MHz and 800 MHz.The government will not release results of the auction because of a court ruling. Incumbents 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 smart phone market. In all, eight bidders are in fray.
News On AIR | March 7, 2015 7:19 AM
Govt. garners bids worth around 77,000 crore rupees at the end of three days of spectrum auction