Telecom spectrum auction News

Spectrum auction has received bids worth Rs 63,325 crore so far on the fifth day Thursday for around 40 percent of mobile radiowaves put up for sale.  

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.

Higher-than-expected spending by Reliance Industries Ltd in the upcoming telecom spectrum auction will put pressure on its ratings, although the cash outgo on account of Jio launch can be accommodated, Moody's Investors Service said.

Heeding to the industry's demand for starting spectrum auction from an auspicious date, government has deferred the mega sale of mobile frequencies by two days to October 1.

The government is believed to have met the fiscal deficit target of 4.1 percent of GDP for 2014-15, helped by last minute payment of Rs 10,808 crore by telecom companies for spectrum and tax receipts in March

There is a lot of load on telecom operators due to spectrum payment.

The Supreme Court has allowed the government to conclude the auction of telecom airwaves and collect initial payments from operators.

Government raised a record Rs 109,874 crore in the country's biggest and the fiercest auction of telecom spectrum.

Government raised a record Rs 109,874 crore in the country's biggest and the fiercest auction of telecom spectrum that ended Wednesday, triggering fears of hike in call and data rates.

With the telecom spectrum auction fetching a record Rs 109,874 crore, Finance Minister Arun Jaitley on Wednesday took a jibe at Congress leader Kapil Sibal, saying the 'zero loss' theory has been belied.

India's biggest telecom spectrum auction ended Wednesday after 19 days of fierce bidding that fetched about Rs 1.10 lakh crore to the government.

The government has garnered about Rs 1.10 lakh crore from the telecom spectrum auction after 19 days and 115 rounds of fierce bidding among eight operators.

Government's kitty from the telecom spectrum auction on Tuesday rose to Rs 1.09 lakh crore with the provisional allocation of 89 percent radiowaves made at the end of the 18th day.