Just In
- 22 min ago Honeywell Trueno U5100 Review: Quality Audio Meets Comfortable Design at an Oh-So Reasonable Price
- 30 min ago Sennheiser Momentum True Wireless 4 Earbuds Launched in India: Check Price, Features, Availability
- 43 min ago JioCinema Ad-Free Premium Plans Announced Starting at Rs 29
- 1 hr ago Garena Free Fire Max Redeem Codes for April 25, 2024: Get Access to the Latest Freebies in the Game
Don't Miss
- Sports PAK vs NZ Dream11 4th T20I: Squads, Fantasy Tips & Best Picks for Pakistan vs New Zealand fourth match
- Automobiles 2024 Jeep Wrangler Facelift Video Review: Off-Roading Specialist Gets More Friendly
- Movies Chacha Vidhayak Hain Humare 3 OTT Release Date & Platform: 5 Reasons To Watch Zakir Khan’s Show
- Education UPSC CAPF 2024 registration begins; Apply online for 506 Assistant Commandant posts, Know more
- News 417 Out Of 1192 Candidates In Phase 2 Of Polls Face Criminal Cases, Most From BJP: ADR Data
- Finance Rs 44,000 Crore M-Cap Lost, Stock Falls 10%, No More 4th Largest Bank; How RBI's Ban Rocked Kotak
- Lifestyle Exclusive: On World Malaria Day 2024, Dr Shares Danger Signs Parents Must Watch Out For In Child With Malaria
- Travel Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary
Telecom Spectrum Auction sees Small Fall in Highest Bids
After 37 rounds of bidding for the telecom spectrum, there was a small drop in the collective value of the highest bids across bands to Rs.92,200 crore on Tuesday from Rs.94,000 crore a day earlier as stakeholders switched their preferred frequencies.
"There was activity in two new service areas in 1,800 MHz band. There is a shift in activity from 2,100 MHz and 900 MHz bands to 1,800 MHz and 800 MHz bands," an official said.
Recommended: Top 10 Best Samsung Smartphones in March 2015
The official further explained that the norms allow a bidding company to forgo its bid for a particular band made earlier to a new band if it is seen that such a switch would prove beneficial, financially and in terms of spectrum management. Hence the small drop.
The official said there was still some spectrum up for grabs and that the bidding will re-commence on Wednesday at 9 a.m.
"The auction of spectrum in 2,100 MHz, 1,800 MHz, 900 MHz and 800 MHz bands re-commenced today (Tuesday) at 9 a.m. and today six rounds of bidding were completed. Till now, 37 rounds of bidding has taken place," an internal note said.
"At present, over 83 percent spectrum has been provisionally allocated to bidders at a value of approximately Rs.92,200 crores," the note added.
"Majority of the service areas are going at a premium over the reserve price. With 100 percent activity requirement and activity in new service areas, the competitive bidding is expected to continue."
Recommended: Top 20 Most Awaited Android 5.0 Lollipop Smartphones to Launch in India Soon
The government is offering in this e-auction a total of 103.75 MHz in the 800 MHz band over 85 blocks, 177.8 MHz in the 900 MHz band over 889 blocks, 99.2 MHz in 1,800 MHz band over 496 blocks and 5 MHz in the 2,100 MHz band over 17 blocks.
Eight companies are in the fray -- Vodafone, Bharti, Idea, Telewings, Aircel, Tata Tele, Reliance Communications and Reliance Jio. The auction is crucial for some of them as their 20-year licence term draws to a close in December.
The commitment for telecom spectrum comes over and above the Rs.200,000 crore that India Inc has already bid under two phases of auctions for award of coal blocks. But the proceeds from the auction of coal blocks will go to the respective state governments over 30 years.
Source: IANS
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
11,999
-
16,026
-
14,248
-
14,466
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804