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118385
Sat, 04/24/2010 - 12:16
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All-India 3G bid more than doubles to Rs 7,599 cr
3G
New Delhi, Apr 23 (PTI) Registering the fastest rise in
revenues for the government on a single day since the auction
process started, the bid price for all-India 3G spectrum shot
up by more than 100 per cent at Rs 7,599 crore on Day 12,
ensuring the exchequer a minimum of Rs 30,756 crore.
On the 12th day of the auction, the reserve price
increased by about Rs 2,528 crore, the fastest rise in a day
since April 9, when the auction started.
Delhi, the most-coveted circle, saw the bid price
touching Rs 1,030.72 crore, the highest among all the circles,
followed by Mumbai at Rs 989.48 crore.
However in Delhi circle, there is no excess demand as of
now. The operators can always return and put their bid for
the said circle as it happened earlier.
Maharashtra circle, for which the bid price stood at Rs
746.50 crore has a negative demand of two blocks against
three blocks put on sale.
According to sources in the Department of
Telecommunications, the activity level is still at 80 per
cent, meaning that operators are concentrating now only on
metros and A category service areas.
The government has budgeted for Rs 35,000 crore from the
auctions of 3G and Broadband Wireless Access (BWA) spectrum.
Going by the current bid rates, the government is set to
achieve its target of Rs 35,000 crore from the sale 3G
spectrum alone.
The Telecom Minister A Raja had recently exuded confidence
that the revenue from the sale of 3G and BWA spectrum is
likely to touch Rs 45,000 crore.
The government had set a base price of Rs 3,500 crore for
Pan-India 3G spectrum and Rs 1,750 crore for pan-India BWA
spectrum.
Auction for broadband wireless access, or BWA, would start
after two days of the close of 3G auction.
As many as 70 rounds of auction were completed till the
12th day.
In 3G mobile telephony, three private operators are
allowed and in some few states four. The spectrum would be
distributed in September after the DoT gets the airwaves
from the defence forces.
However, for BWA only two slots are available. With 11
operators in the fray to grab spectrum with only two slots on
the block there may be aggressive bidding. PTI PML
KAB
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New Delhi, Apr 23 (PTI) Registering the fastest rise in
revenues for the government on a single day since the auction
process started, the bid price for all-India 3G spectrum shot
up by more than 100 per cent at Rs 7,599 crore on Day 12,
ensuring the exchequer a minimum of Rs 30,756 crore.
On the 12th day of the auction, the reserve price
increased by about Rs 2,528 crore, the fastest rise in a day
since April 9, when the auction started.
Delhi, the most-coveted circle, saw the bid price
touching Rs 1,030.72 crore, the highest among all the circles,
followed by Mumbai at Rs 989.48 crore.
However in Delhi circle, there is no excess demand as of
now. The operators can always return and put their bid for
the said circle as it happened earlier.
Maharashtra circle, for which the bid price stood at Rs
746.50 crore has a negative demand of two blocks against
three blocks put on sale.
According to sources in the Department of
Telecommunications, the activity level is still at 80 per
cent, meaning that operators are concentrating now only on
metros and A category service areas.
The government has budgeted for Rs 35,000 crore from the
auctions of 3G and Broadband Wireless Access (BWA) spectrum.
Going by the current bid rates, the government is set to
achieve its target of Rs 35,000 crore from the sale 3G
spectrum alone.
The Telecom Minister A Raja had recently exuded confidence
that the revenue from the sale of 3G and BWA spectrum is
likely to touch Rs 45,000 crore.
The government had set a base price of Rs 3,500 crore for
Pan-India 3G spectrum and Rs 1,750 crore for pan-India BWA
spectrum.
Auction for broadband wireless access, or BWA, would start
after two days of the close of 3G auction.
As many as 70 rounds of auction were completed till the
12th day.
In 3G mobile telephony, three private operators are
allowed and in some few states four. The spectrum would be
distributed in September after the DoT gets the airwaves
from the defence forces.
However, for BWA only two slots are available. With 11
operators in the fray to grab spectrum with only two slots on
the block there may be aggressive bidding. PTI PML
KAB
The information contained in this electronic message and any attachments to this
message are intended for the exclusive
use of the addressee(s) and may contain proprietary, confidential or privileged
information. If you are not the intended
recipient, you should not disseminate, distribute or copy this e-mail. Please
notify the sender immediately and destroy
all copies of this message and any attachments contained in it.
Delete & Prev | Delete & Next
