Government's kitty from the telecom spectrum auction on Tuesday rose to Rs. 1,09,000 crores with the provisional allocation of 89 percent radiowaves made at the end of the 18th day.The amount of bids received on Monday had declined to Rs. 1,05,000 crores from Saturday's Rs. 1,07,000 crores.
"At the end of 110th round, about 89 percent of the spectrum has been provisionally allocated to bidders. The provisional amount committed by bidders at the end of 110th round is over Rs. 1,09,000 crores," the Department of Telecom said.
In the stretch of 18 days, it was the first time that auction for the day closed with no excess demand in any of the telecom service areas, indicating that the auction may resume on Wednesday without any price increment. The price in auction round increases when there is demand for more spectrum blocks than the quantum put for sale.
According to sources, the premium 900MHz continued to witness bidding for the circles of Rajasthan and UP East. UP West, North East, Maharashtra and Delhi saw bidding in 800MHz band whereas UP East saw activity in 1800MHz band.
Brisk bidding was seen on Tuesday with activity requirement set at 100 percent and 6 rounds were completed."There is robust bidding going on in 900MHz and 800MHz bands," it said.
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