Spectrum auction ends in two days, bids worth Rs 11,340 crore received

Spectrum auction ends in two days, bids worth Rs 11,340 crore received


Sources said,

“A total of 10 GHz of spectrum ranging from 800 MHz to 26 GHz was offered in the auction, for which bids worth a total of Rs 11,340 crore were received,” sources said. | Photo Credit: The Hindu

The auction of radio waves that carry voice and data signals for mobile phones ended within two days on June 26, with the government fetching less than 12% of the estimated floor price of Rs 96,238 crore for the spectrum.

“A total of 10 GHz of spectrum in the band range of 800 MHz to 26 GHz was offered in the auction and bids worth a total of Rs 11,340 crore were received,” sources said.

There were five rounds of bidding on the first day on June 25, but there was not much action on June 26 (Wednesday), forcing the officials to declare the auction closed at around 11.30 am.

“The total bids received are more or less the same as those received on Tuesday,” sources said, adding that it is estimated that only 140-150 MHz were sold. Radio frequencies in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz and 26 GHz bands were up for bid.

During the last auction in 2022, which lasted seven days, a record 5G telecom spectrum worth over Rs 1.5 lakh crore was sold, with billionaire Mukesh Ambani's Jio emerging as the top bidder, bagging nearly half of all airwaves (worth Rs 88,078 crore).

At that time, telecom baron Sunil Mittal's Bharti Airtel had made a successful bid of ₹43,084 crore, while Vodafone Idea had bought the spectrum for ₹18,799 crore.


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