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2016 Spectrum Auction ends: Rs 65,789 Cr in bids, only 40% of spectrum sold

The 2016 spectrum auctions concluded today after 31 rounds of bidding. Total value of bids at end of Day 5 stood at Rs 65,789 crore, which had 8 new rounds of bidding. The government was initially targeting Rs 56,00,000 crore based on the reserve prices set by the TRAI in late January. More than 965 MHz of spectrum was allocated provisionally after 31 rounds of bidding that ended today. This means only 40% of the spectrum put up for auctions have been sold after 5 days of auctions. A total of 2,354.55 megahertz of spectrum across 7 different bands were put up for auctions this year. The premium 700 MHz and 900 MHz spectrum saw no takers for a 5th day in a row, and most bids were placed in the 1800 MHz band followed by the 2300 MHz spectrum. The 800 MHz also saw no takers for the 5th day, although it received bids in the first 4 days. Looking back at 2015 and 2014 auctions Comparing this to last year’s auctions (2015), the government was able to sell 89% of the 418.05 MHz of spectrum put up for sale last year. The 2015 auctions concluded after 19 days and bids touched Rs 1.09 lakh crore which was 36% higher than the Rs 80,277 crore the government had targeted. In 2014 auctions, the government had raised Rs 61162.22 crore from the sale of 399.2 MHz of spectrum across two bands: 900 MHz and 1800 MHz Recap of No of…

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