Bids for a 3G mobile spectrum licences rose 90% from the base price to Rs 6,634.31 crore after 10 days and fifty-eight rounds of bidding. Auction is on for three slots of 3G airwaves in 17 telecom service areas. The auctions for broadband wireless spectrum are scheduled to begin two days after completion of the 3G sale process.
Delhi, Mumbai and regions of Karnataka, Maharashtra, Gujarat, Andhra Pradesh, Tamil Nadu continued to witness maximum demand. However, almost 50% of the country, the demand for 3G airwaves has been negative.
Overall the auction of 3G and Broadband spectrum put together is likely to fetch somewhere around Rs 44,000-45 ,000 crore.
Bharti Airtel, Vodafone Essar, Reliance Communications, Idea Cellular, Tata Teleservices and Aircel are participating and competing against each other in this process. The auction is likely to continue till the end of next week.
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