Govt. of India Fetches Estimated Rs.1.10 lakh Cr.In Aucstioning Of Telecom Spectrum

25 March, New Delhi

The government has fetched about 1.10 lakh crore rupees after a rigorous bidding in the auctioning of a telecom spectrum.

The auction concluded today after 19 days and 115 rounds of bidding. However, 11 percent airwaves stayed unsold.

The process of auction was conducted for 800 MHz, 900 Mhz, 1800 MHz and 2100 MHz covering both mobile telephony and broadband, including 4G.

The Department of Telecommunication will disclose details of the result and names of successful bidders after the Supreme Court’s permission as a case is pending before the apex court.

The spectrum auction included airwaves held by nine licences of Idea Cellular, seven each of Reliance Telecom and Vodafone and six permits of Bharti Airtel that were expiring in 2015-16.