The 2015 spectrum auction has concluded after 19 days and 115 rounds of bidding. Total value of bids at the end of Day 19, which saw 5 new rounds of bidding, is Rs 1,09,874 crore. This is 36.86% higher than than the Rs 80,277 crore the government had targeted from the auctions, based on the reserve price set by it. The premium paid by telcos over the reserve price is likely to lead to an increase in tariff. No details of winners yet However, the actual allocation of spectrum to the telecom operators will take place only after March 26 - the next scheduled Supreme Court hearing on multiple cases questioning the auction rules and criteria. This also means that the upfront payment from winning bidders is not likely to come into the govt's kitty during this fiscal year, which ends on March 31. Note that telcos are required to pay 25% of the winning bid in case of the 800 MHz and 900 MHz bands and 33% of the winning bid in case of 2100 MHz and 1800 MHz bands as upfront payment within 10 days of close of bidding. They can pay the balance amount over 12 years: beginning with a moratorium period of 2 years and 10 yearly installments thereafter. A total of 470.75 MHz spectrum was put for auction of which 418.05 MHz or 89% spectrum has been provisionally allocated. The provisional winning bids for the 900 MHz band were 81.4% higher than the reserve price, 26.5% higher…
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