Govt may earn up to Rs 45,000 cr from spectrum auction: Raja

New Delhi, Apr 21 (PTI) The Indian government is likely
to earn up to Rs 45,000 crore from the auction of 3G and
broadband spectrum, Telecom Minister A Raja said Wednesday.
The amount is much higher than the earlier target of up to
Rs 35,000 crore.
"The auction of 3G and Broadband Wireless Access (BWA)
spectrum put together is likely to fetch Rs 44,000 to Rs
45,000 crore for the government," Raja said on the sidelines
of a telecom event.
After Tuesday's round of bidding for 3G, which began on
April 9, the government would get at least Rs 25,770 crore
from the sale of third generation (3G) spectrum alone.
On Tuesday, which was the 9th day of bidding, the base
price increased to Rs 6,355 crore for pan-India frequency from
Rs 3,500 crore.
Delhi continues to be on top, with a bid of Rs 733.71
crore against the base price of Rs 320 crore. Mumbai attracted
the second highest quotation of Rs 667.77 crore, followed by
Tamil Nadu at Rs 643.37 crore.
So far 52 rounds of bids have been completed and there is
no excess demand in major circles like Delhi, Mumbai,
Maharashtra, Gujarat, Andhra Pradesh, Karnataka and Tamil
Nadu, indicating that the price may not go up further in these
circles.
However, going by the rules of the auction, any operator
can come back and bid for any of the circle till the
government discovers price in all the areas simultaneously.
Kolkata is the only circle with excess demand and there
are 11 service areas with negative demand. PTI PML
MRD


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