India’s Spectrum Auction Passes $13b

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India’s latest spectrum auction is set to rake in well over $13 billion, due to competitive bidding by the eight participants.

As of Saturday, the auction had already taken in bids worth 860 billion rupees ($13.7 billion), Press Trust of India reported.

The auction of 2G and 3G airwaves has now had 24 rounds over four days. Bidding is due to recommence today, and based on the current trajectory the auction could end up raising over one trillion rupees.

India is auctioning a total of 380.75 MHz of spectrum in the 800-MHz, 900-MHz, 1,800-MHz and 2,100-MHz bands, including spectrum due to be relinquished by Vodafone, Idea Cellular and Reliance Communications upon the expiration of some existing telecom licenses. Click here to read more at Telecom Asia

Wahengbam Rorrkychand

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