New Delhi : The government received total commitments of Rs 56,792 crore from telecom operators at the end of bidding on Day 2 of India’s biggest spectrum auction on Monday while again there were no takers for 700 MHz and 900 MHz bands, according to data by the Department of Telecommunications.
There were fresh six rounds of bidding, and the total rounds now stood at 11. The majority of activities were seen in the 1800 MHz band. The maximum bids of 81 were received for Assam circle with a provisional winning amount of Rs 8 crore per block. However, it saw 18 less bids. The second highest bids (also in same band) – 62 – were received for Jammu and Kashmir with a provisional winning amount of Rs 2.60 crore per block. However, this circle also saw 98 less bids.
In 1800 MHz, aggregate demand was good in Mumbai circle with 50 bids. It saw excess demand of 25.
Day 1 saw over Rs 53,000 crore commitments from telecom operators after five rounds of bidding.
The companies participating in the auction are Bharti Airtel, Vodafone India, Reliance Jio Infocomm, Reliance Communications, Idea Cellular, Aircel and Tata Tele — who have together furnished a total earnest money of Rs 14,653 crore.Surprisingly, the 700 MHz band, meant predominantly for 4G (LTE) services which will support broadband data, as well as Internet Protocol telephony such as voice over LTE network — measures that can bring major cost benefits to customers — went without bids.
In the Delhi circle, the reserve price for 700 MHz is pegged at Rs 1,595 crore per MHz — which is the highest — and for pan-India, it is Rs 11,485 crore per MHz.
