08:38 pm - Monday 29 May 2017

Spectrum auction enters fifth day, bidding starts from Rs 52,689 crore

By insightVAS - Fri Feb 07, 12:19 pm

The spectrum auction is continued for the fifth day as there is an upward revision in prices of both premium 900 Mhz and 1800 MHz band. At the end of fourth day, telecom companies have jointly made bids worth about Rs 52,689 crore. The government has got bids of around Rs 30,754 crore for 1800 Mhz band and Rs 21,935 crore for 900 Mhz band.

“Auction has started. There is excess demand in circles including Assam, J&K, MP, West Bengal, UP (E) and UP (W),” a Department of Telecom (DoT) official said.

The price of 900 Mhz in Delhi went upto about 78 percent to Rs 639.24 crore per megahertz as compared to the base price of Rs 360 crore fixed by the government; whereas for the 1800 MHz band, the reserve price rose by 5 percent to Rs 230 crore a MHz.

The auction for the fourth day concluded with no excess demand for 900 Mhz in any of the three metros- Delhi, Mumbai and Kolkata.

In Mumbai, the price of 900 Mhz band increased by 72 percent to Rs 563.09 crore for a Mhz and in Kolkata by 54 percent to Rs 192.71 crore.

Government has put on auction about 385 megahertz of spectrum in the 1800 Mhz band, which started on February 3, following a February 2013 Supreme Court order.

Government is auctioning airwaves in 900 Mhz band in Delhi, Mumbai and Kolkata, which are held by Vodafone, Airtel and Loop Mobile through their licences which are expiring in November.

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