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All-India licence bid 24% higher than base rate

All-India licence bid 24% higher than base rate
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First Published: Tue, Apr 13 2010. 12 02 AM IST
Updated: Tue, Apr 13 2010. 12 02 AM IST
New Delhi: Six rounds of bidding were completed on the third day of the auction for high-speed mobile phone services, with the bid for a single all-India licence touching Rs4,324 crore.
After a total of 16 rounds, the price for the all-India slot of the so-called third-generation (3G) spectrum is nearly 24% higher than the base price of Rs3,500 crore set by the government.
There are three 3G spectrum slots that cover all 22 circles, or operating areas, across the country. Five circles with four slots of 3G spectrum are also being auctioned by the department of telecommunications (DoT).
Winners will be able to offer customers high-speed voice and data transfer and multimedia services.
The government has set a target of garnering Rs35,000 crore from sale of spectrum for 3G and broadband wireless access services.
On Monday, the Rs416.43-crore bid for Delhi was the highest among all circles. The bid for Gujarat, at Rs416.42 crore, almost matched the one for Delhi, according to details available with DoT.
Andhra Pradesh, Tamil Nadu and Maharashtra saw bids rising to Rs404.54 crore, while the bid for Karnataka was Rs396.58 crore—ahead of Mumbai at Rs392.66 crore.
The bid for Rajasthan was Rs159.47 crore, Uttar Pradesh (East) Rs157.66 crore, Kolkata, Kerala Rs150.16 crore each, Madhya Pradesh Rs149.02 crore, Haryana Rs140.09 crore and Punjab Rs123.63 crore.
PTI contributed to this story.
shauvik.g@livemint.com
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First Published: Tue, Apr 13 2010. 12 02 AM IST