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2G Auction Day 10: No Changes In 900MHz Prices

Our coverage of the 2G Auctions is brought to you by OnMobile Global, India’s leading Mobile Value Added Services [VAS] company 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) - 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…

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