Home / Industry / Telecom /  Spectrum bids reach `56,554 cr after 42 rounds of auction

New Delhi: Telecom companies offered bids totalling 56,554.92 crore for 900 MHz and 1,800 MHz bands after 42 rounds at the end of sixth day of spectrum auction on Saturday.

“A total of 42 rounds are over. Bids worth around 33,082.58 crore are received for 1,800 MHz and 23,472.34 crore for 900 MHz. Auction will continue on Monday," telecom secretary M.F. Farooqui said. He said there will a realization of at least 16,750 crore in the current fiscal if the operators opt to pay in instalments. The bidders can pay the part of the money upfront and the remaining amount over a maximum of 10 yearly instalments.

The sixth day of auction on Saturday started off with the 36th round. At the end of 35 rounds till Friday, bids worth around 54,600 crore were received by the government. The price in Delhi for 900 MHz has more than doubled to 733.63 crore per MHz from the base price of 360 crore per MHz. Mumbai was up 71.67% to 563.09 crore per MHz from 328 crore per MHz.

In Kolkata, price was up 55.7% to 194.63 crore per MHz. As per the department of telecommunications (DoT), there was bidding for 11 blocks out of 16 put up for sale in Delhi, 5 out of 16 blocks in Mumbai and 12 out of 14 blocks in Kolkata for the premium 900 MHz band at the end of sixth day.

For the 1,800 MHz band, Assam witnessed an excess demand of 5 blocks whereas Maharashtra saw an excess demand of 10 blocks.

The Union budget for 2013-14 set a total target of 40,874 crore from spectrum revenue in this fiscal. PTI

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