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India's biggest spectrum auction fetches Rs.1.10 lakh crore
IndiaToday.in New Delhi, March 25, 2015 | UPDATED 18:52 IST
Picture for representational purposes. Photo: ReutersAfter 19 days of fierce bidding, the biggest telecom spectrum auction of the country, that ended on Wednesday, fetched Rs.1.10 lakh crore to the government.
"The auction has concluded," told an official source.
The auction for airwaves in four bands ended after 115 rounds of bidding, a source said.
The total value of bids stood at Rs.1,09,874 crore.
The DoT will disclose details of the result and names of successful bidders after the Supreme Court's permission as a case is pending before the apex court.
The spectrum auction included airwaves held by nine licences of Idea Cellular, seven each of Reliance Telecom and Vodafone and six permits of Bharti Airtel that were expiring in 2015-16.
These airwaves mostly included frequencies in 900 Mhz band and 1800 Mhz band.
Government also auctioned airwaves in 1800 Mhz band that remained unsold in 2014, and 800 Mhz or CDMA band frequencies that were left after sale in 2013.
A total of 380.75 MHz of spectrum was put on sale in the premium 900 MHz band, 1,800 MHz and 800 MHz, while 5 MHz was up for bidding in the 2,100 MHz band, used for 3G mobile services, across 17 out of 22 telecom.
As per auction document, in case of deferred payment option, telecom operators are required to pay an upfront payment of 33 per cent in case of 2100 MHz, 1800 Mhz bands and 25 per cent for 900 MHz and 800 MHz bands within 10 calendar days of the close of auction.
The winners will pay the rest of the amount over a period of 12 years -- 2 years moratorium and then 10 yearly installments.
While Idea, Airtel, Vodafone and Reliance Communications participated in the auction mainly to defend their existing spectrum holding, Reliance Jio, Tata Teleservices, Telewings (Uninor) and Aircel participated to buy additional spectrum.
Read more at: India's biggest spectrum auction fetches Rs 1.10 lakh crore : India, News - India Today
@nair, @Nair saab , @Omega007 , @Guynextdoor2 , @wolfschanzze , @SrNair,@SpArK,@indianrabbit,@45'22'@jaatram@GORKHALI@Water Car Engineer@@Skull and Bones, @IND 51@gr!ffin@Bhoot Pishach, @Jai_Hind ,@Kinetic, @kaku1, @Agent Smith,@gslv ,
@nair, @Nair saab , @Omega007 , @Guynextdoor2 , @wolfschanzze , @SrNair,@SpArK, @indianrabbit,@45'22'@jaatram@GORKHALI@Water Car Engineer@Skull and Bones, @IND 51@gr!ffin @Bhoot Pishach, @Jai_Hind ,@Kinetic, @kaku1, @Agent Smith
IndiaToday.in New Delhi, March 25, 2015 | UPDATED 18:52 IST
"The auction has concluded," told an official source.
The auction for airwaves in four bands ended after 115 rounds of bidding, a source said.
The total value of bids stood at Rs.1,09,874 crore.
The DoT will disclose details of the result and names of successful bidders after the Supreme Court's permission as a case is pending before the apex court.
The spectrum auction included airwaves held by nine licences of Idea Cellular, seven each of Reliance Telecom and Vodafone and six permits of Bharti Airtel that were expiring in 2015-16.
These airwaves mostly included frequencies in 900 Mhz band and 1800 Mhz band.
Government also auctioned airwaves in 1800 Mhz band that remained unsold in 2014, and 800 Mhz or CDMA band frequencies that were left after sale in 2013.
A total of 380.75 MHz of spectrum was put on sale in the premium 900 MHz band, 1,800 MHz and 800 MHz, while 5 MHz was up for bidding in the 2,100 MHz band, used for 3G mobile services, across 17 out of 22 telecom.
As per auction document, in case of deferred payment option, telecom operators are required to pay an upfront payment of 33 per cent in case of 2100 MHz, 1800 Mhz bands and 25 per cent for 900 MHz and 800 MHz bands within 10 calendar days of the close of auction.
The winners will pay the rest of the amount over a period of 12 years -- 2 years moratorium and then 10 yearly installments.
While Idea, Airtel, Vodafone and Reliance Communications participated in the auction mainly to defend their existing spectrum holding, Reliance Jio, Tata Teleservices, Telewings (Uninor) and Aircel participated to buy additional spectrum.
Read more at: India's biggest spectrum auction fetches Rs 1.10 lakh crore : India, News - India Today
@nair, @Nair saab , @Omega007 , @Guynextdoor2 , @wolfschanzze , @SrNair,@SpArK,@indianrabbit,@45'22'@jaatram@GORKHALI@Water Car Engineer@@Skull and Bones, @IND 51@gr!ffin@Bhoot Pishach, @Jai_Hind ,@Kinetic, @kaku1, @Agent Smith,@gslv ,
@nair, @Nair saab , @Omega007 , @Guynextdoor2 , @wolfschanzze , @SrNair,@SpArK, @indianrabbit,@45'22'@jaatram@GORKHALI@Water Car Engineer@Skull and Bones, @IND 51@gr!ffin @Bhoot Pishach, @Jai_Hind ,@Kinetic, @kaku1, @Agent Smith
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