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…
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