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At the end of the third day of the telecom spectrum auction, overall bids received were Rs 77,000 crore. At the end of the first day, the estimated bids stood at Rs 60,000 crore and the second day at Rs 65,000 crore.
On Friday, 17 rounds of bidding were completed, according to official sources. Eight telecom companies are fighting to win spectrum in four bands — 800-, 900-, 1,800- and 2,100-MHz.
The most aggressive bidding is being recorded in the 900-MHz band, as Bharti Airtel, Vodafone, Idea Cellular and Reliance Communications are in a critical situation —their licences in various circles are due for renewal.
If daily bids are taken into account, the estimated revenue is likely to go up to Rs 85,000 crore, as there would be unsold spectrum in the 900-MHz band because of the structure of the auction and the conditions laid out in its notice inviting applications, including a fixed slot size for an entrant. A few bidders are withdrawing at the last round, though the prices are rising in the 900-MHz band.
Earlier, the government had estimated a mop-up of Rs 80,000 crore-1 lakh crore from the sale of spectrum.
On the second day, telecom companies had put bids worth Rs 59,124 crore (on the assumption that every spectrum/block was sold) for 900-MHz spectrum across the 17 circles, an increase of 47.1 per cent compared to the total base price. On the first day, companies had placed Rs 52,117 crore worth of bids for 900-MHz spectrum, 30 per cent higher than the total base price of Rs 40,233 crore.
A total of 79.58 per cent of the bids were for the 900-MHz band; the rest was for the 800-, 1,800- and 2,100-MHz bands.
At the end of the second day, there was Rs 3,210 crore worth of bids in the 1,800-MHz band, about Rs 8,200 crore of bids in the 2,100-MHz band and Rs 5,131 crore of bids in the 800-MHz band (assuming all the spectrum was sold).
At the end of the third day, overall estimated revenue from all bands stood at Rs 81,949 crore, assuming all the spectrum was sold. Revenue from the 900-MHz band was Rs 65,119 crore, a 61.89 per cent rise over the reserve price of Rs 40,224 crore.
There was increased activity in 900-MHz band and prices for the Odisha circle rose 97.6 per cent over the reserve price; for Himachal, the rise was 75 per cent and for Rajasthan, 87 per cent.
In the 800-MHz band, the estimated revenue was Rs 3305 crore, up 5.6 per cent over the reserve price. In the 1,800-MHz band, the estimated revenue stood at Rs 3,305 crore, up 5.6 per cent over the reserve price. In the 2,100-MHz band, it stood at Rs 8,270 crore, up 3.2 per cent.
On Friday, 17 rounds of bidding were completed, according to official sources. Eight telecom companies are fighting to win spectrum in four bands — 800-, 900-, 1,800- and 2,100-MHz.
The most aggressive bidding is being recorded in the 900-MHz band, as Bharti Airtel, Vodafone, Idea Cellular and Reliance Communications are in a critical situation —their licences in various circles are due for renewal.
If daily bids are taken into account, the estimated revenue is likely to go up to Rs 85,000 crore, as there would be unsold spectrum in the 900-MHz band because of the structure of the auction and the conditions laid out in its notice inviting applications, including a fixed slot size for an entrant. A few bidders are withdrawing at the last round, though the prices are rising in the 900-MHz band.
Earlier, the government had estimated a mop-up of Rs 80,000 crore-1 lakh crore from the sale of spectrum.
On the second day, telecom companies had put bids worth Rs 59,124 crore (on the assumption that every spectrum/block was sold) for 900-MHz spectrum across the 17 circles, an increase of 47.1 per cent compared to the total base price. On the first day, companies had placed Rs 52,117 crore worth of bids for 900-MHz spectrum, 30 per cent higher than the total base price of Rs 40,233 crore.
A total of 79.58 per cent of the bids were for the 900-MHz band; the rest was for the 800-, 1,800- and 2,100-MHz bands.
At the end of the second day, there was Rs 3,210 crore worth of bids in the 1,800-MHz band, about Rs 8,200 crore of bids in the 2,100-MHz band and Rs 5,131 crore of bids in the 800-MHz band (assuming all the spectrum was sold).
At the end of the third day, overall estimated revenue from all bands stood at Rs 81,949 crore, assuming all the spectrum was sold. Revenue from the 900-MHz band was Rs 65,119 crore, a 61.89 per cent rise over the reserve price of Rs 40,224 crore.
There was increased activity in 900-MHz band and prices for the Odisha circle rose 97.6 per cent over the reserve price; for Himachal, the rise was 75 per cent and for Rajasthan, 87 per cent.
In the 800-MHz band, the estimated revenue was Rs 3305 crore, up 5.6 per cent over the reserve price. In the 1,800-MHz band, the estimated revenue stood at Rs 3,305 crore, up 5.6 per cent over the reserve price. In the 2,100-MHz band, it stood at Rs 8,270 crore, up 3.2 per cent.
