The government has garnered bids worth of over one lakh crore rupees from telecom operators at the end of eighth day of auction process of spectrum bands. Till now, 49 rounds of bidding have taken place. An official release said, there is aggressive bidding going on in all bands of 2100 Mega Hertz, 1800 MHz, 900 MHz and 800 MHz bands. At the end of 49th round of bidding, over 86 per cent of the spectrum has been provisionally allocated to bidders at a value of approximately one lakh two thousand crore rupees. It said, majority of service areas are going at a premium over reserve price. However, the government will not release results of the auction because of a court ruling.
News On AIR | March 13, 2015 7:32 AM
Spectrum auction bids cross Rs 1 lakh cr mark