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2G Auctions Day 3: Bihar & Assam Cross 3G Spectrum Price

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 1800MHz spectrum appears to have further increased in the Day 3 of India’s 2G auctions of 2014, particularly in the Assam and West Bengal circle which saw a significant excess demand for spectrum. However note that this is, by no means, indicative of the activity in the following rounds since the bidding strategy will change with each round. When the activity requirement from a telco is increased to 100%, bidding will be compulsory. Here’s the lowdown from Day 3: 900 MHz (Block size is 1 MHz) - Mumbai: Price of spectrum increased by Rs 240.72 per block, 73.4% higher than the base price, to Rs 568.72 crore. The provisional winning price for this circle was a bit lower at Rs 563.09 due to deficit demand in the last (21st) round yesterday. Price increased by Rs 16.67 crore during the 7 clock rounds, 3.02% higher than the previous day. - Delhi: Price increased by Rs 214.08 crore per block, 59.5% higher than the base price, to Rs 574.08 crore, which was the provisional winning price for this circle. Delhi recorded the highest increase in the day, of Rs 32.74 crore, higher by 6.05% from the previous days close. For the next round, the price of spectrum in Delhi is being increased by Rs 28.7 crore per block. - Kolkata: Price increased to Rs 69.63 crore, 55.7% higher than the…

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