February 6, 2014 8:58 AM

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Govt receives Rs 50,000cr bids on 3rd day of spectrum auction

The government has received cumulative bids worth 50,000 crore rupees at the end of the third day of the 2G spectrum auction yesterday. Telecom Secretary MF Farooqui said, the government expects bidding to move in a very robust way. A total of 21 rounds of bidding were completed yesterday. Eight mobile phone service providers are participating in the auction for 900 MHz band and 1,800 MHz band. Aggressive bidding was seen for the 900 MHz, which is in short supply and is being auctioned in just three cities – Delhi, Mumbai and Kolkata. The 1,800 MHz band received bids in all 22 circles and the 900 MHz band received bids in all three circles, which are up for auction. Highest demand for 900 MHz was seen from Delhi circle and in 1,800 MHz highest bid was seen in Assam and West Bengal circles. The eight mobile phone service providers participating in the auction are Reliance Communications, Reliance Jio, Bharti Airtel, Vodafone, Telewings, Aircel, Tata Teleservices and Idea Cellular.

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