Telecom Companies in India Competitively Bid for 800 MHz that Support 4G
Published By : 17 Mar 2015 | Published By : QYRESEARCH
As the 11th day of the airwaves auctions came to an end, bids rose marginally to amount Rs 103,046 crore. Most of the operators focused primarily on bidding for the 800 Mhz band owing to its potential compatibility with 4G services. However, not many showed interest in the 2G and 3G bands.
It was observed that the spectrum which was allocated conditionally to operators dint change much from what it was during the end of the 10th day of the spectrum-auction. As reported by the Department of Telecom (DoT), when 67 rounds of bidding were finally completed on Monday, “more than 87%” of the airwaves were already out as provisional allotments to a majority of operators.
As per reports, at the end of 67th round, the bidders committed a provisional amount of up to Rs.103,046 crore. A general trend has been observed during the bidding that the most of the service areas were extending premium which were higher than the reserve price. The total proceeds from the auction amounted to Rs. 102,215 crore until Saturday.
During the spectrum auction four frequency bands were put up for bidding on Monday. The requirements of the auction were set at 100%. A spokesperson from DoT revealed that the robust bidding was witnessed for 1800 MHz, 900 MHz, and 800 MHz bands. The organization is expecting the trend of competitive bidding to continue in near future as well.
However, the circles which previously expressed interest have reduced to 9 to 11, from 18 that were registered last Friday. This trend however, signaled that the sale will be winding soon. According to the data revealed by DoT on Monday, an increase in demand for 800 MHz spectrum was noted across states such as Madhya Pradesh, Uttar Pradesh, and Northeastern Companies.