At the end of 153 rounds of India’s 3G Auction, the price for Pan India spectrum is Rs. 140.26Bn, 300% above its base price of Rs. 35Bn, rising 4.1% on day 27. In absolute terms, the price rose Rs. 5.53Bn on the day, compared to Rs. 6.223 Bn and Rs. 7.823 Bn on the previous two days. The minimum activity requirement is at 100%, but with there still being excess demand for a few circles, it looks like this auction won't end until someone decides they can't afford to pay those extra few million rupees. 3G Auction Status When bidding resumes, price for circles with excess and on-par demand will be raised by 10 percent, while price for circles with deficient demand will remain the same. - Excess Demand: Delhi, Karnataka, Punjab, Bihar, Orissa - Par Demand: Mumbai, Maharashtra, Tamil Nadu, Kolkata, UP (East), UP (West), Assam, North East - Deficient Demand: Gujarat, Andhra Pradesh, Kerala, Haryana, Rajasthan, Madhya Pradesh, West Bengal, Himachal Pradesh, Jammu & Kashmir (Previous day: Excess, Par, Deficient) Category A Circles -- Delhi and Mumbai are neck and neck: price for a slot in Delhi went up the most on the day, by Rs. 1.38 Bn (and 5.79%), but at Rs. 25.11, it still trails Mumbai, which is priced at Rs. 25.58, and went up by Rs. 1.25 (and 5.12%) during the day -- Price for Tamil Nadu went up by Rs. 0.66 billion, almost 5.1% during the day. -- The top 4 - Mumbai, Delhi,…
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