The revenue for the Indian government from the sale of 3G spectrum will be Rs. 605.71Bn (around $13.3 Bn) at the end of Day 29 of India’s historic 3G Auction. Of this, Rs. 455.71Bn is expected to be paid by private telecom operators participating in the auction, and Rs. 150 Bn by MTNL and BSNL, which have been granted a slot of 3G spectrum each in their respective circles of operation.
With 162 rounds of bidding completed, the price for a Pan India slot of spectrum increased by Rs. 5.346 on the day, to end at Rs. 150.01 Bn, approximately 328.59% and Rs. 115 Bn higher than the starting price of Rs. 35 Bn. Five clock rounds were completed on the day, as compared to 4 on the previous day.
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, Andhra Pradesh, Kolkata, Punjab, Bihar, Orissa
– Par Demand: Mumbai, Karnataka, UP (East), UP (West), Rajasthan, Himachal Pradesh, Assam, North East
– Deficient Demand: Maharashtra, Tamil Nadu, Gujarat, Kerala, Haryana, Madhya Pradesh, West Bengal, Jammu & Kashmir