Govt’s kitty grows to Rs 1.09 lakh crore on Day 18 of spectrum auction

25 Mar 2015 Evaluate

The government received commitments of Rs 109,000 crore from telecom operators at the end of 110th round of bidding on Tuesday, which was the 18th day of radio frequency spectrum e-auctions. This is higher compared to commitments worth Rs 105,000 crore received on the 17th day of the auction. With this, over 89% of spectrum has been provisionally allocated to bidders. The auction will continue as about some amount of spectrum is yet to be sold.

Robust bidding was witnessed in 900 MHz and 800 MHz band, with majority of service areas being sold at a premium over reserve price. However, DoT has barred from publishing final results without Supreme Court’s consent. A hearing in the apex court in this regard is scheduled for March 26.

In the 800 MHz, telecom players bid for Uttar Pradesh (West) circle, which was lying idle since the beginning of the auctions. The intensity was most in the Andhra Pradesh, Assam, Madhya Pradesh, Maharashtra and North East circles. In the 900 MHz, the intensity was seen most in Assam, Bihar, Himachal Pradesh, Kerala, North East, Punjab, Rajasthan and Uttar Pradesh (both East and West). Meanwhile, in the 1800 MHz, the intensity was most for Kolkata circle. However, still no bidding was witnessed for Karnataka and Tamil Nadu circles for the 800 MHz.

The biggest ever auction of spectrum in the 800, 900, 1,800, and 2,100 MHz bands had started on March 4. In the current round of auction, the government is selling a total of 380.75 MHz of spectrum in the premium, 900 MHz band, 800 MHz and 1,800 MHz bands, and 5 MHz in the 2,100-MHz band across 17 of the 22 telecom areas of the circles in the country. The government had initially estimated to earn between Rs 80,000 crore and Rs 1 lakh crore from the sale of radio waves. However, this seems to be way above estimates, with the counting still continuing. From the last spectrum auction held in February 2014, the government had raked in Rs 62,162 crore.

Notably, these commitments come over and above the Rs 200,000 crore that India Inc has already bid under the two phases of auctions for award of coal blocks. But the proceeds from this auction will go to the respective state governments over 30 years.

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