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Auctions 2016 Day 2: Rs 56,792 Cr in bids; 1800 MHz, 2300 MHz continues to see demand

The DoT received bids worth Rs 56,792 crore on the second day of spectrum auctions, which completed 12 rounds of auctions since the first day. Most demand was seen in the 1800 MHz band used for both 2G and 4G services, closely followed by the 2300 MHz band. The premium 700 MHz and 900 MHz saw no takers for a second day in a row. Overall the demand was concentrated on the 1800 MHz and 2300 MHz bands, while rest of the bands received lukewarm response.  Note that the 1st day of the 2015 auctions received bids worth Rs 60,000 crore in just 4 bands. In spite of having five times more quantum of spectrum spread across  seven different bands for this year’s auctions, demand remained low on the second day. The 1800 MHz, however, continues to see increasing bids in…

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