India Spectrum Auction Ends with Bids Topping $9.8 Billion
Published on: 13th Feb 2014
Note -- this news article is more than a year old.
India's radio spectrum auction has ended, after 68 rounds, 10 days and bids just missing the symbolic USD10 billion mark.
"I am very happy to report that auction is over. The total revenue that will come to government is Rs 61,162.22 crore. To that extent particular auction has been extremely successful," Telecom Minister Kapil Sibal said.
Both Vodafone and Bharti Airtel won spectrum in their critical metro circles of Delhi, Kolkata and Mumbai, where they are still fighting a government order that saw them bidding for the spectrum rather than having it automatically handed to them as they expected.
Vodafone is paying Rs 19,600 crore for 900MHz spectrum in the three metros and 1800MHz spectrum in 11 circles.
Airtel also secured spectrum in the three cities along with 1800Mhz spectrum in 15 circles for a total of Rs 18,530 crore. The company says it will now use the spectrum to deploy a nationwide LTE network in the 1800Mhz bands.
Unior won 1800Mhz spectrum in five circles, while Idea won spectrum in 11 circles. RCom secured additional spectrum in just one circle, while Aircel secured spectrum in five circles.
Tata Communications did not win any spectrum.
Reliance Jio secured spectrum in 14 circles.
In total, the government secured bids for all the 900Mhz spectrum on offer, and nearly 80% of the 1800Mhz spectrum that was available.
If the mobile networks opt for deferred payments, the government will receive Rs 18,296.36 crore this year as their initial down payments.