Teleom companies put in bids worth a total of about 45,000 crore rupees on the second day of the auction today, with premium 900 Mhz band in Delhi, Mumbai and Kolkata witnessing continuing demand.Telecom Minister Kapil Sibal told reporters in New Delhi after closing of bidding rounds on day 2 that they are very happy the way auction is moving forward. He hoped that the Government will get enough revenue to make sure that the Union Finance Minister P Chidambaram has a big smile on his face.The Budget 2013-14 had set a spectrum revenue target of 40,874 crore rupees for this financial year.Telecom Secretary M F Farooqui in an interview with a news agency said that an estimated bids of approximate 45,000 crore rupees were received today. The auction will be resumed tomorrow.In November, 2012 auction ended in just 2 days while in March 2013 it ended on same day.
News On AIR | February 5, 2014 8:47 AM
Spectrum auction: Govt gets bids of Rs 45,000 on Day 2<br/>