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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. 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) 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…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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