June 11, 2010 11:56 AM

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Govt raises over Rs 38,300 cr from BWA, spectrum auction

The government has raised over 38,300 crore rupees as the 16-day long auction for Broadband Wireless Access, BWA, spectrum came to an end. The details of the BWA auction winners are still awaited from the Department of Telecom. The total revenue of the government from sale of spectrum for both 3G and BWA stands at over one lakh crore rupees, more than thrice the earlier projection of 35,000 crore rupees by Finance Minister Pranab Mukherjee in his Budget speech in February this year. The government had raised 67,719 crore rupees from 3G spectrum auction. As many as 11 companies, including Bharti Airtel, Reliance, Idea Cellular, Aircel, Vodafone and Tata Communications Internet Services, participated in the auction for Broadband Wireless Access spectrum.

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