Indian Spectrum Auction Gets Bids in All Circles
Published on: 3rd Feb 2014
Note -- this news article is more than a year old.
India's radio spectrum auction has started, and by the third round, bids had been submitted for lots in all 22 circles in the country.
The government is auctioning off 1800Mhz spectrum in all 22 circles, and blocks of 900Mhz spectrum in three circles.
"Till now, four rounds of bidding have been completed. Bids have been received in all 22 service areas in 1800 MHz band and in all three service areas in 900 MHz band. Thus, bidding has taken place in all the service areas in both bands," an official statement read.
There should be six to seven rounds of bidding per day. It's not clear how long the auction is expected to last, but few commentators expect more than a couple of days.
The government is hoping to earn at least USD1.8 billion from the auction, although the outcome of some of the bids will be dependent on a later court ruling, as the government is auctioning off spectrum already allocated to some mobile networks.
The Department of Telecom is offering around 385 MHz of spectrum in the 1800MHz band, and 46 MHz in the 900MHz band.