Home / Industry / Telecom /  2G spectrum auction gets bids worth `53,000 crore

New Delhi: The second generation, or 2G, spectrum auction had received bids totalling 53,000 crore at the end of 28 rounds, according to data published by the department of telecommunications (DoT).

“At the end of day four, 28 rounds of bidding have been completed. Bids have been received in all 22 service areas in 1,800 MHz band and in all three service areas in 900 MHz band. Thus, bidding has taken place in all the service areas in both bands," a statement on the auctions from the DoT said.

The eight telecom companies participating in the auction bid for around 70% of the spectrum available in the 1,800 MHz band, the data showed. The 900 MHz spectrum is getting lesser attention from bidders with the price per MHz in Mumbai and Kolkata remaining the same as the previous day, according to the data. However, the price per MHz for 900MHz spectrum in Delhi rose 77% above the reserve price to 639 crore.

On Thursday, the data showed that the 1,800MHz spectrum is getting more attention with as many as 10 circles seeing increases in price per block as against five or six on previous days of the auction. Bidding for 1,800MHz spectrum is intensifying in Assam, Bihar, Delhi, Gujarat, Jammu and Kashmir, Madhya Pradesh, Maharashtra, West Bengal as well as the two circles in Uttar Pradesh (East and West).

This is the third time the government is auctioning 2G spectrum in the last 15 months, after auctions in November 2012 and March 2013. The earlier two attempts failed after only a third of the spectrum was sold. Money from the auction is expected to go towards keeping the fiscal deficit at under 4.8%, a key goal of the government. The government received bids worth 41,000 crore from the first day’s auction on Monday and another 5,000 crore on the each of the subsequent two days.

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