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2015 Spectrum Auctions Day 12: Total bids surpass 2010 level to Rs 1.07 lakh crore

At the end of Day 12, which saw 7 new rounds of bidding, the total bids increased to over Rs 1,07,000 crore from Rs 1,03,046 crore on Day 11. Revenues from the ongoing spectrum auctions has now surpassed the Rs 1,06,000 crore the government had generated during the first spectrum auctions in 2010, which was a record till now. After the first auction, the government has held three other auctions (excluding the current one), with the latest being in February 2014. The Department of Telecom has informed that so far 88% of the spectrum has been provisionally allocated to bidders. So, we can expect total bids to increase further. It seems the 800 MHz band is the new 900 MHz band for the telcos during the 2015 spectrum auctions, with continuous robust bidding for 800 MHz spectrum over the past few days.…

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