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2015 Spectrum Auctions Day 11: Telcos have bid over Rs 1.03 lakh crore so far

Day 11 of the 2015 spectrum auctions saw 6 new rounds of bidding, bringing the total to 67 rounds of bidding so far, and the government's revenues increased to Rs 1,03,046 crore, up from Rs 1,02,215 on Day 10. The Ministry of Communications & IT informed that over 87% of the spectrum has been provisionally allocated to bidders thus far, and that most of the service areas or telecom circles have received provisional winning bids higher than the reserve price set by the government. As has been the case over the past few days of the spectrum auctions, activity in the 800 MHz band continues to be high after a slow start. There was excess demand for spectrum in the Andhra Pradesh, Madhya Pradesh and North East circles on Day 11 (pdf), similar to Day 10. The reserve price for these three…

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