Spectrum auction sees bids of Rs.65,000 crore at end of Day Two

March 09, 2015 09:57 AM

Day Two of the e-auction of radio frequency spectrum, or airwaves, for telecom services saw bids placed for all the four frequencies on the block, with the eight companies in the fray making an offer for Rs.65,000 crore at the end of the 11th round, the government said on Thursday.

"The auction of spectrum in 2,100 MHz, 1,800 MHz, 900 MHz and 800 MHz Bands re- commenced today (Thursday) at 9 a.m. and today, 5 rounds of bidding were completed. Till now, 11 rounds of bidding have taken place," a government statement said.

"The bidding has taken place in all bands. At present, a value of approximately Rs.65,000 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 (Friday) i.e. March 6, 2015 at 9 a.m." it added.

The auctions are set to continue on Friday, which is a public holiday for Holi, the festival of colours.

The 900 MHz band saw aggressive bidding. The maximum bids of 106 rounds were received for Kerala circle for the 900 MHz band. This circle saw 44 excess bids.

On the opening day, a total of six rounds of bidding took place with a total offer for Rs.60,000 crore
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