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3G Auction India: Day 31, Pan India Price At Rs. 158.14B, Govt Revenue At Rs. 638.85Bn

At the end of 172 clock rounds of India’s 3G Auction, the price for pan-India spectrum is Rs. 158.14Bn, 351.83% above its base price of Rs. 35Bn. The price rose 2.58 percent on Day 31, compared to a 2.77% increase on the previous day. In absolute terms, the price rose Rs. 3.98 Bn. compared to Rs. 4.16 Bn and Rs. 5.35 Bn on the previous two days. The revenue that the Indian government will earn Rs. 638.85Bn from these auctions, around $ 14.11 Billion.

There’s been much speculation about when this auction will end, but until there remains excess demand, it will go on. It’s worth noting, though, that there was very little excess demand for a few circles, and no excess bids for the two most expensive circles – Delhi and Mumbai.

India 3G Auction

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: Kolkata, Punjab, UP (West), Orissa
– Par Demand: Delhi, Mumbai, Kerala, UP (East), Himachal Pradesh, Bihar, Assam, North East
– Deficient Demand: Maharshtra, Gujarat, Andhra Pradesh, Karnataka, Tamil Nadu, Haryana, Rajasthan, Madhya Pradesh, West Bengal, Jammu & Kashmir

(Previous day: Excess, Par, Deficient)

3G Auction India

Delhi & Mumbai

– Delhi became the first circle to go beyond Rs. 30Bn, up Rs. 1.47Bn (5.63% for the day) at Rs. 30.33 Bn. Mumbai isn’t very far behind at Rs. 29.99 Bn, up 0.88Bn and 3.31% for the day.
– Delhi & Mumbai rose the most in absolute terms for the day
– Together, Delhi & Mumbai account for Rs. 60.32Bn, around 38.14% of the total bids.

3G Auction Spectrum India

The Rest

– Interesting to note that there has been excess demand for Kolkata, Punjab, UP (West), Orissa for two straight days, while the demand for Delhi and Mumbai remained on par on Day 31
– Price for Punjab went up by Rs. 0.31Bn and 14.7% for the day
– In Percentage terms, Orissa increased the most by 34.24%
– The top 4 – Mumbai, Delhi, Karnataka and Tamil Nadu – account for 57.3% of the pan-India price, at around Rs. 90.61Bn

– At the lower end of the price range, Kolkata and Uttar Pradesh (West) are neck-and-neck, the former priced at Rs. 4.88 Bn and the latter at Rs. 4.89 Bn. Uttar Pradesh (East) is priced at 3.43 Bn.
– The price of Maharshtra, Gujarat, Karnatka, Tamil Nadu, Haryana, Madhya Pradesh, West Bengal, and Jammu & Kashmir did not increase during the day.

Download all the 3G Auction documents here

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