The government has garnered bids worth of 96,000 crore rupees from telecom players at the end of seventh day of auction process yesterday. Till now, 43 rounds of bidding have taken place and the government may rake in more than 1 lakh crore rupees from the spectrum sale, if bidding continues at the robust pace. However, the government will not release results of the auction because of a court ruling. The auction will resume today, as there is still unsold spectrum left.The auction is the biggest ever sale of 2G and 3G airwaves in which the government is selling spectrum in four bands 2,100 Megahertz, 1,800 Megahertz, 900 Megahertz and 800 Megahertz.
News On AIR | March 12, 2015 6:36 AM
Govt garners Rs 96000 cr on 7th day of spectrum auction