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Auctions 2016 Day 3: 62% of spectrum remains unsold

The Department of telecom received bids worth Rs 60,969 crore after the telecom auctions concluded on the third day. Bids were placed across 17 rounds and more than 900 MHz of spectrum has been allocated till now. This means that at least 60% of the spectrum is unsold after 3 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. In 2015 auctions, bids crossed Rs 60,000 crore on the first day itself; and by the 6th day, around 83% of the spectrum was allocated provisionally. The premium 700 MHz and 900 MHz spectrum saw no takers for third day in a row. Most bids were placed on the 1800 MHz and 2300 MHz band. Following is a detailed report of each band, which includes the amount of spectrum sold, rise in prices, most active circles, etc. 800 MHz After 17 rounds, telcos have placed bids worth 18 MHz for the 800 MHz band; a quantum of 73.75 MHz of spectrum is avail be for auctioning under this band.  The band received bids in 3 circles out of the 19 circles it is available in. Most bids were placed in Rajasthan circle, followed by Guarat and Punjab. Gujarat circle had the highest increment in prices on the 3rd day for the 800MHz band, which stood at Rs 419.31 cr after 17 rounds of…

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