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3G Auction India: Day 26 Ends With Price Almost Rs. 100Bn Above Base

On March May 10th, a month after the India’s 3G Auction began, the auction price is Rs. 134.73 Bn, almost Rs. 100 Bn more than the base price. During the five rounds on Day 26, the Pan-India price moved up a moderate 4.84%, in comparison with 6.48% the previous day, closing the day Rs. 6.223 Bn higher. Remember that the minimum activity requirement is now at 100%, so it’s only a matter of time before telecom operators start dropping out.

3G Auction Status

When bidding resumes, price for circles with excess and on-par demand will be raised, while price for circles with deficient demand will remain the same.

– Excess demand: Delhi, Mumbai, Andhra Pradesh, Kolkata, Bihar, Orissa

– Par Demand: Maharashtra, Karnataka, Tamil Nadu, UP (West), UP (East), Assam, North East

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– Deficient Demand: Gujarat, Kerala, Punjab, Haryana, Rajasthan, Madhya Pradesh, West Bengal, Himachal Pradesh, Jammu & Kashmir

(Previous day: Excess, Par, Deficient)

— Price for Bihar increased the most in percentage terms: up 52% from Rs. 0.7Bn to Ts. 1.07B. Price for Orissa increased by 13% from Rs. 0.35B to Rs. 0.4B.

— In absolute terms, Delhi increased the most (by Rs. 1.64B), followed by Mumbai at Rs. 1.17B. Delhi is priced at Rs. 23.73 Bn, while Mumbai is at Rs. 24.33.

— Delhi & Mumbai account for Rs. 69.9Bn of spends, around 35.6% of total price.

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— At Rs. 12.87B, Tamil Nadu has displaced Maharashtra (Rs. 11.5B) from the top four.

— Bids are more evenly spread now: the top four (Delhi, Mumbai, Tamil Nadu and Karnataka) now account for just 52.9% of total bids in money terms, as compared to almost 60% earlier.

— Punjab and Kolkata increased by 9.25% each, Tamil Nadu by 9.8%

— Strangely enough, Himachal Pradesh is priced even lower than Jammu & Kashmir. HP is at Rs. 0.3B, while J&K is at Rs. 0.303B

— Price for Kerala, Haryana, Rajasthan, Madhya Pradesh, West Bengal, Himachal Pradesh and Jammu & Kashmir did not increase during the day.

Download all the 3G Auction documents here

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