Spectrum auction for 5th day takes off from Rs 52,689 crore

The third round of spectrum auction commenced for the fifth day on 6th February with Delhi witnessing an upward revision in prices for both the premium 900 Mhz and 1800 MHz band. The price of 900 Mhz in Delhi shot up by about 78 per cent 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 per cent to Rs 230 crore a MHz.

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

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.

Source: http://cablequest.org/news/telecom-news/item/4225-spectrum-auction-for-5th-day-takes-off-from-rs-52,689-crore.html