Spectrum Auction : Center Garner Bids Worth Rs.1.09 Lakh Cr.At End of 14th Day

19 March, New Delhi

The Union Government has garnered bids worth of over one lakh nine thousand crore rupees from telecoms operators at the end of 14th day of auction process of spectrum bands.

Till now, 86 rounds of bidding have taken place. An official release said, there is aggressive bidding going on in all bands of 2100 Mega Hertz, 1800 MHz, 900 MHz and 800 MHz bands.

Till now over 89 per cent of the spectrum has been provisionally allocated to bidders.

It said, majority of service areas are going at a premium over reserve price. However, the government will not release results of the auction because of a court ruling.