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Auctions 2016 Day 4: Bids worth Rs 63,500 Cr placed after 23 rounds

Spectrum

The Department of telecom received bids worth Rs 63,500 crore after the telecom auctions concluded on the fourth day. Telcos placed bids worth Rs 2,500 crore on 4th day, compared to Rs 4000 crore on the 3rd day, signaling a slowdown after 23 rounds of bidding. More than 950 MHz of spectrum has been allocated till now. This means that 40% of the spectrum has been allocated after 4 days of auctions. Note that a total of 2,354.55 megahertz of spectrum across 7 different bands is being auctioned off in this year, which is 5 times more than what government sold in 2015—418.05 MHz of spectrum. The premium 700 MHz and 900 MHz spectrum saw no takers for a 4th day in a row. Most bids were placed on the 1800 MHz and 2500 MHz band. Following is a detailed…

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