BWA spectrum price likely to double today

The auction of Broadband Wireless Access (BWA) spectrum has really picked up and the price for pan-India spectrum is set to more than double on Wednesday, the third day of bidding.

The auction of Broadband Wireless Access (BWA) spectrum has really picked up and the price for pan-India spectrum is set to more than double on Wednesday, the third day of bidding.

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At the time of writing this report, the price for pan-India spectrum was Rs 3,199 crore. There were about eight bidders in metros and category “A” circles.

“The way technological developments are taking place, BWA may be more valuable than 3G in long run,” said RSP Sinha, former CMD of MTNL.

The government is selling two slots of BWA and there are 11 bidders in the field, including Bharti Airtel, Vodafone, Tata Communications and Reliance Communications.