Spectrum Auction concludes; Total bids for more than Rs 77,814 crore received

The auction of telecom spectrum ended yesterday with total bids of 77 thousand eight hundred 14 crore 80 lakh rupees for the airwaves. Telecommunications Secretary Anshu Prakash said, incremental bids for 668.20 crore rupees were made on the second and concluding day of Spectrum Auction. The e-auction was based on Simultaneous Multiple Round Ascending Auction (SMRA) methodology.   Mr Prakash informed that bidding took place for spectrum in 800 Megahertz, 900 Megahertz, 1,800 Megahertz, 2,100 Meg...