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The demand for spectrum seems to be tapering off in majority of the circles with only Assam and Madhya Pradesh witnessing an excess demand in the 1800MHz band at the end of day 10 of India’s 2014 2G auctions. In the 900MHz band, there was no change in the bidding activity or spectrum bid price in all the three circles at the end of the day. Here’s a lowdown from Day 10:

1800 MHz (Block size is 200 KHz)

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– The price in Mumbai increased the most in both absolute terms and in percentage terms. It increased by Rs 7.33 crore per block to Rs 57.66 crore, 39.3% higher than its reserve price and 14.56% higher from previous days close.

– Price in Assam witnessed the second highest increase in percentage terms: by 13.19% to Rs 6.95 crore, which is 396.4% higher than its reserve price.

– For round 64, price is being increased for two circles due to excess demand: Assam by Rs 0.13 crore per block and Madhya Pradesh by 0.10 crore per block.

– Price in 12 Circles is now higher than the reserve price: Gujarat, Jammu & Kashmir, Madhya Pradesh, Bihar, UP (East), UP (West), West Bengal, Assam, Delhi, Maharashtra. Mumbai and Punjab. Price in 10 circles remained at the reserve price.

– At the end of round 64, the circles with the lowest demand for spectrum were Tamil Nadu, followed by Orissa and Delhi.

2G Auction 1800MHz Line graph

900 MHz (Block size is 1 MHz)

– All the three circles continued to be in deficit demand by the end of round 63.

-The price of spectrum in Delhi remained the same at Rs 748.36 crore, which is 107.9% higher than its base price. The provisional winning price for the circle was unchanged at Rs 740.96 crore due to deficit demand in the last (63rd) round yesterday.

– Price of spectrum in Kolkata was also the same at Rs 196.57 crore, 57.3% higher than the base price while the price of spectrum in Mumbai remained unchanged at Rs 568.72 crore, 73.4% higher than the base price.

– Its worth noting that Delhi’s spectrum price has remained same for the second consecutive day while Kolkata’s spectrum price has remained unchanged for the third consecutive day and Mumbai’s spectrum price has remained the same for the sixth consecutive day.

2G Auction 900MHz Line Graph

As per MediaNama’s calculations (provisional winning price/block x number of blocks available), the bids would amount to Rs 23,589.62 crore in the 900 MHz band, and Rs 43,070.01 crore in the 1800 MHz band, which makes it a total of Rs 66,659.63 crore bid at the end of round 63.

Telecom secretary MF Farooqui said they have received total bids worth Rs 61,091.83 crore, which is about 27% more than the total value of spectrum put up for auction at the reserve price. They received bids worth Rs 37,502.21 crore in the 1800MHz band, which is about 6.6% higher than the total value of the spectrum put up for auction at base price while the total bid amount in 900MHz band remained the same at Rs 23,589.62 crore, 85% higher than the total value of spectrum put up for auction at the reserve price.

He also added the government will make at least Rs 18,273 crore in FY14 from the spectrum auction, about 61.71% higher than its initial target of Rs 11,300 crore.

2G Auction Day 10

Auction Daily

– Day 1: Mumbai 900MHz Price Up 44.28% From Reserve; Bids In 1800 MHz Low
– Day 2: 2G Auctions Day 2: More Activity In 1800 MHz; Mumbai In 900 MHz Up 68.3% Above Base
– Day 3: 2G Auctions Day 3: Bihar & Assam Cross 3G Spectrum Price
– Day 4: 2G Auction Day 4: Delhi Up 79.3% Above Base In 900 MHz
– Day 6: 2G Auctions Day 6: Delhi & Kolkata In 900MHz Cross 3G Spectrum Price
– Day 7: 2G Auction Day 7: 5 Circles In 1800MHz Cross 3G Spectrum Price
– Day 9: 2G Auction Day 9: Focus Shifts To 1800MHz; Assam Is More Than 3x Higher Of Reserve Price

Our 2G Auctions 2014 coverage

– SC Reject Telcos Plea To Stay 2G Auctions; DoT Reduces Available 1800MHz Spectrum
– Vodafone Seeks 1% Uniform Spectrum Usage Charges For 3G & BWA Spectrum
– 5% Spectrum Usage Fee For New Spectrum in 2014 2G Auctions Pre-Qualified Bidders
– 2014 2G Auctions: 8 Telcos Submit Bids; Videocon, Loop & SSTL Not Participating
– DoT Modifies 2014 2G Auction Guidelines: Rollout Obligations, Performance Guarantees
– India’s 2014 2G Auction Postponed: To Begin On 3rd February 2014
– The Lowdown: DoT’s Guidelines For 2G Spectrum Auction In January 2014