Spectrum auction sees bids of Rs.94,000 crore at end of Day 5 | business | Hindustan Times
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Spectrum auction sees bids of Rs.94,000 crore at end of Day 5

business Updated: Mar 09, 2015 20:58 IST
spectrum auction

After day five of e-auctions for radio frequency spectrum or airwaves for telecom operators on Monday, the government had a total commitment of Rs.94,000 crore in terms of highest bids from the eight companies in the 31 rounds gone through so far, a government official said in New Delhi.

It is learnt that seven fresh rounds of bidding were gone through on Monday.

This is more than double the amount the finance ministry had budgeted for from sale of spectrum this fiscal at Rs.43,161.72 crore, as also one-time spectrum fee and other licence-related levies.

Till Day four, 24 rounds of bidding took place with a total offer of Rs.86,000 crore.

The eight telecom service providers participating in the auctions are Reliance Communications, Reliance Jio, Bharti Airtel, Vodafone India, Tata Teleservices, Uninor, Idea Cellular and Aircel.