New Delhi : Bids worth Rs 54,600 crore were offered by telecom companies on the fifth day of the ongoing spectrum auction on Friday with Delhi witnessing aggressive bidding for both 900 Mhz and 1800 MHz bands.

Telecom Secretary MF Farooqui said the total value of the bids was Rs 54,600 crore after 35 rounds of bidding. “Activity is on in eight service areas. Bidding will continue tomorrow (Saturday) morning,” he added.
The bids for the premium 900 Mhz band in Delhi have now appreciated over 90 per cent to Rs 684.68 crore per megaherts, from a base price of Rs 360 crore. Mumbai rate was up by 71.67 per cent to Rs 563.09 crore, from base rate of Rs 328 crore. In Kolkata it was up 55.70 per cent to Rs 194.63 crore.
The auction of the two bands, which have been used by 2G operators so far, has received a strong response. The auction in November 2012 lasted for 2 days and March auction last year lasted only one day.
In November 2012, bids worth Rs 9,407 crore were received for spectrum worth Rs 28,000 on offer. In March 2013, no GSM operator bid at the auction and only CDMA operator Sistema Shyam bought spectrum for about Rs 3,600 crore in eight of the 21 service areas.

Free Press Journal