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2015 Spectrum Auctions Day 8: Bids cross Rs 1 lakh crore mark

At the end of Day 8, which saw 6 new rounds of bidding, the total bids for spectrum across the four bands up for auction has crossed Rs 1 lakh crore. Over 86% of the spectrum has been provisionally allocated to bidders at a value of approximately Rs 1,02,000 crore, up from Rs 96,000 crore at the end of Day 7. The Department of Telecom mentioned that aggressive bidding is taking place across all bands, with activity requirement set at 100%. It's worth noting that as the spectrum auctions have progressed, demand for spectrum in the 2100 MHz band has steadily increased. While on Day 7 there were bids for 2100 MHz spectrum in Assam and Rajasthan circles, on Day 8 (pdf) bids came in for North East and Uttar Pradesh (West) circles as well. In all four circles reserve prices have been…

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