The Government has garnered Rs94,000 crore worth of bids from telecom players at the end of five days of spectrum auction on Monday. “The bidding has taken place in all bands. At present, a value of approximately Rs94,000 crore has been committed by bidders in respect of provisionally won spectrum. There is still spectrum, which is yet to be sold. Bidding would recommence tomorrow,” the Department of Telecom (DoT) said.
Seven rounds of bidding were completed on Monday and till now 31 rounds of bidding has taken place, the DoT added. The Government on Saturday had crossed the targeted minimum amount of Rs82,000 crore from sale of 2G and 3G airwaves. At the end of 24 rounds of bidding on Saturday, the value stood at Rs86,000 crore. If bidding continues at robust pace, the Government is likely to rake in over Rs1 lakh crore from spectrum sale.
The Government will not release results of the auction as a case in pending before the Supreme Court. The next hearing on the case is on March 26. In 800 Mhz band, there was excess demand in three circles-- Andhra Pradesh, Assam and North East-- at the end of round 31, whereas 1,800 Mhz band saw good activity with excess demand in Kolkata.