2G spectrum auction News

Manoj Sinha added that the CVC had criticised the earlier UPA government over the 2G spectrum allotment while it had applauded the NDA for the 2015, 2016 auctions.

Spectrum auction has received bids worth Rs 63,000 crore so far on the fourth day on Wednesday for around 40 per cent of mobile frequencies put up for sale but telecom operators continued to ignore highly priced 4G radiowaves in 700 Mhz and 900 Mhz bands.

The much-hyped spectrum auction crawled on the third day today, adding Rs 4,097 crore of bids to take total commitments to Rs 60,969 crore but over 60 per cent of the airwaves remained unsold as premium 4G bands found no takers.

Ability of telecom operators to trade spectrum may curtail excessive bidding in future auctions, credit rating agency Fitch said Thursday.

The government has received a total upfront payment of over Rs 32,300 crore from telecom players against the spectrum sold during the March auction, well above the minimum outstanding due of Rs 28,835.34 crore.

Telecom companies have paid the entire upfront money of about Rs 28,872 crore to the government for the airwaves they acquired during the last month's auction.

India`s top three mobile phone network operators have spent a combined $13.6 billion in a government auction of airwaves to secure almost 80 percent of the spectrum on offer, reinforcing their positions in the world`s second-biggest mobile market.

The government's telecom spectrum auction kitty Thursday rose marginally to reach Rs 1.09 lakh crore at the end of the 14th day with robust bidding taking place in the 800 MHz band.

The government received commitments of Rs 108,000 crore from telecom operators at the end of bidding on Wednesday, the 13th day of radio frequency spectrum e-auctions.

The government's spectrum auction kitty Tuesday rose to Rs 1,07,000 crore at the end of 12th day of the biggest sale of 2G and 3G airwaves.

Government's spectrum auction kitty Monday rose marginally to Rs 1,03,046 crore at the end of 11th day of the biggest sale of 2G and 3G airwaves.

As per the Department of Telecom , the total auction proceeds were Rs 1,02,057 crore till yesterday with sale of about 86 percent of the available spectrum in various bands.

Government's proceeds from the spectrum auction Thursday crossed Rs 1 lakh crore mark as aggressive bidding took place across all bands on the eighth day of the biggest sale of 2G and 3G airwaves.

Bids for spectrum grew to around Rs 96,000 crore at the end of seventh day of auction Wednesday, after surprisingly dipping to Rs 92,200 crore yesterday for the biggest-ever sale of 2G and 3G airwaves.

The telecom spectrum auction kitty surprisingly dipped to Rs 92,200 crore at the end of sixth day of bidding Tuesday, as bid price moderated after surging for five straight days for the biggest ever sale of 2G and 3G airwaves.

The auction kitty from sale of coal mines and telecom spectrum Monday swelled to over Rs three lakh crore -- exceeding all estimates including by CAG for value of such resources, which have been at the centre of two major scams in the recent years.

The government has garnered Rs 94,000 crore worth of bids from telecom players at the end of five days of spectrum auction Monday.

The DoT added the auction of spectrum in 2100 MHz, 1800 MHz, 900 MHz and 800 MHz Bands recommenced Friday and 6 rounds of bidding were completed.

The government was expecting to raise over Rs 82,000 crore from the auction, but the final amount may go much higher if bids continue at such an aggressive pace.

The total spectrum put to auction is 103.75 MHz in 800 MHz band, 177.8 MHz in 900 MHz band and 99.2 MHz in 1,800 MHz band for second generation (2G) telephony.