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Spectrum Auctions Day 14: Most activity in the 800 MHz band, as total bids rise to Rs 1.09 lakh crore

At the end of Day 14, which saw 6 new rounds of bidding, the total bids increased to over Rs 1,09,000 crore, up from Rs 1,08,000 crore on Day 13. The Department of Telecom informed that there was robust bidding going on in the 1800 MHz and 800 MHz bands, and so far over 89% of the spectrum has been provisionally allocated to bidders. The government had netted about Rs 1.06 lakh crore in the first spectrum auction back in 2010, and about Rs 62,000 crore during the February 2014 auctions. Just like Day 13, most of the activity was centered around the 800 MHz band (pdf). There was excess demand for spectrum in the Delhi, Maharashtra and North East telecom circles. The reserve prices for these three bands have been increased by Rs 10.28 crore, Rs 18.83 crore and Rs 0.29 crore respectively…

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