Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
2G auction: Govt receives bids over Rs 9,200 cr on Day 1
Last Updated : 12 Nov 2012 09:00:33 PM IST
R Chandrashekhar
File photo of India's Telecom Secretary R Chandrashekhar.
 

The government on Monday received bids worth more than Rs 9,200 crore on the opening day of auction for 2G mobile phone spectrum that drew scant interest due to high base price.


There was no bidder for pan-India airwaves for which the government had set a base or bid start price of Rs 14,000 crore even as demand was concentrated in select circles like Gujarat, Uttar Pradesh (East) and Uttar Pradesh (West).
 

Of the 22 telecom circles, which cover the entire nation, bids were received for 18, with Delhi, Mumbai, Rajasthan and Karnataka which had the highest base price drawing a blank.

"The total quantum of revenue bid is for a little over Rs 9,200 crore (at the end of the fifth round)," Telecom Secretary R Chandrashekhar said.

The bids received so far are a far cry from the Rs 28,000 crore minimum revenue that the government is expecting from the auction of wireless spectrum reclaimed after the Supreme Court cancelled 122 permits issued in 2008.

The government had set a bid starting price of Rs 14,000 crore for 5 megahertz of GSM airwave space in all of India's 22 telecommunications zones. The base price was more than seven times what operators paid in 2008.

Chandrashekhar said in 176 blocks of spectrum that were put on auction, bids were received only for 98.

Out of 22 circles, the demand for spectrum has crossed the offer only in Uttar Pradesh (West) and UP (East).

"The spectrum reserve price exceeded in UP (W) and UP (E) circles," the Telecom Secretary said.

Gujarat and Bihar received bids for all 8 blocks (of 1.25 MhZ each) that were put for auction. In rest of the circles, the demand was less than the 8 blocks that were put for auction.

COAI General Secretary R S Mathews said, "The limited amount of spectrum, contrary in our opinion to the SC ruling,  was guaranteed to have a very detrimental impact on the auction."
 

"We said that the high reserve price would ensure that limited players come into the bid and that is exactly what we have seen," he said, adding COAI had rightly predicted no bidders for several circles.

The auction, he said, would not last more than two days.

Bids were received for 7 blocks in Assam, 6 blocks each in Haryana, Madhya Pradesh, Jammu and Kashmir, Odisha, West Bengal and North East. Maharashtra telecom service area received bid for 5 blocks.

Himachal Pradesh, Kolkata and Tamil Nadu circle received bids for half of the 8 blocks of spectrum available for bidding.

Himachal Pradesh, Kerala and Punjab received bids for only one block clearly indicating that companies whose licences were affected by Supreme Court judgement, Telenor promoted Telewings and Videocon, did not bid in these circles.

The demand for spectrum in UP (W)and (E) has kept auction going as per the details shared.

Sources said the auction has drawn scant interest so far as the base price for 5 MHz of GSM radiowaves or spectrum in all the 22 zones is more than seven times of what the companies paid in 2008.

Chairman of Bharti Airtel, the nation's largest telecom company, Sunil Bharti Mittal had last week predicted that the auction would be over on first day itself because of the high base price.

Bharti Airtel, Vodafone, Idea Cellular, Norway's Telenor and Videocon are bidding for GSM, but there are no bidders for the CDMA spectrum after Tata Teleservcies and Videocon pulled out of the race.
 


Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

super luxury car maker Rolls-Royce is gearing up to tap the country's Billionaires with ne

Coming-of-age drama 'Boyhood' won three of the biggest awards at the BAFTA 2015 but it was

Sunny Leone is seen scorching the screen in the first look of Leela with her bold acts.

Samsung unveiled the Galaxy S6 and Galaxy S6 Edge at Mobile World Congress in Barcelona, S

Reality TV star Kim Kardashian reportedly wants Beyonce to buy a house in her gated commun

Automaker Renault India today said it will roll-out a multi-purpose vehicle 'Lodgy' and a

Pharma tycoon Dilip Shanghvi surpassed Mukesh Ambani as the world's richest Indian with a

When Holi is round the corner, can anyone forget all-time hit Bollywood songs?

In an interim order, the Bombay High Court has restrained the city police from arresting o

Good news for the fans’ of Salman Khan and Deepika Padukone.

Reality TV star Kim Kardashian has posed nude for the upcoming 10th season of 'Keeping Up

Bollywood superstar Akshay Kumar and Actress cum Entrepreneur Shilpa Shetty Kundra have pa

Kashmir witnessed season's heaviest snowfall as the arterial Jammu-Srinagar National Highw

Mexican actress Stephanie Sigman has joined Monica Bellucci and Lea Seydoux as the new bon

Luxury carmaker Mercedes-Benz launched the all-new compact B-Class in both petrol and dies

Bollywood actor Poonam Pandey, gets relief as a local court in Bengaluru quashed a case pe

Automaker Renault India launched the new generation Duster priced at Rs 8.30 lakh (Delhi e

Now Bollywood A-list actors are competing to get nude on-screen.

The 2015 edition of the International Indian Film Academy Awards is set to enthrall Bollyw

India defeated Zimbabwe by six wickets chasing 288 runs target in World Cup Match.

India's megastar Amitabh Bachchan inaugurated the third edition of the India by the Nile f

A new study reveals the secret of why men likes to grow their beards.

Mobile commerce is likely to overtake e-commerce in the next few years, spurred by the con


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.52