Our coverage of the 2G Auctions is brought to you by OnMobile Global, India’s leading Mobile Value Added Services [VAS] company After just 11 days and 68 rounds of bidding, India's 2014 2G spectrum auctions are over. The results are provisional, and subject to government approval. The Indian government has managed to raise Rs 61162.22 crores from the sale of 399.2 MHz of spectrum. The two circles of Delhi and Mumbai together account for Rs 34873.6 crore, around 57% of the total money raised, while the top five circles – Delhi, Mumbai, Karnataka, Maharashtra and Andhra Pradesh account for 75.72% of the bids. The price for 11 circles (Andhra Pradesh, Haryana, Himachal Pradesh, Karnataka, Kerala, Kolkata, North East, Orissa, Punjab, Rajasthan, Tamil Nadu) did not increase beyond the reserve price. (Also read: India’s 2014 2G Auction Results: What The Telecom Operators Are…
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