Total bid value for a pan-India spectrum at India’s 3G Auction, stood at Rs. 83.83 billion. Almost 30 percent of that money has been bid for the two circles of Mumbai and Delhi: Mumbai, at Rs. 12.53 billion per slot of spectrum, has edged out Delhi, which ended round 82 of bidding at a provisional price of Rs. 12.10 billion per slot. The cost of pan India spectrum is now 139.51% higher than the price of Rs. 35 billion it began with. With bids at these obscene levels - and who knows where they will go from here - questions are again being raised about the arbitrary allocation of licenses and 2G spectrum in India two years ago. The Economic Times explains this in detail, here. So how lop-sided is this auction becoming? Take a look at the chart below, with provisional bids at the end of Day 14: Metro and Category A Circles The provisional winning bid for Mumbai rose the most during the day, by 15.9 percent, while Delhi rose by 11.69 percent. Gujarat, which led the bid during the initial stages (much to our surprise) is now the lowest among the Category A circles at Category B Circles One change: demand for the Kerala circles was high, which led to it leapfrogging Uttar Pradesh (East) to finish at number two at a provisional winning bid of Rs. 2.639 billion, while UP (E) barely rose during the day, ending at Rs. 260.08 billion from Rs. 2.58 billion the…
