Wed, Nov 14, 2012 at 15:24
The second day of auction for 2G spectrum saw demand for spectrum in the Bihar telecom circle. During the seventh and eigth round of auction, Bihar circle witnessed active bidding.
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2G auction: Bihar circle in demand on Day 2
The second day of auction for 2G spectrum saw demand for spectrum in the Bihar telecom circle. During the seventh and eigth round of auction, Bihar circle witnessed active bidding.
Like this story, share it with millions of investors on M3
2G auction: Bihar circle in demand on Day 2
The second day of auction for 2G spectrum saw demand for spectrum in the Bihar telecom circle. During the seventh and eigth round of auction, Bihar circle witnessed active bidding.
Moneycontrol Bureau
The second day of auction for 2G spectrum saw demand for spectrum in the Bihar telecom circle. During the seventh and eigth round of auction, Bihar circle witnessed active bidding.
The government is auctioning eight blocks of spectrum having 1.25 megahertz airwaves frequencies in each circle.
Five telecom operators - Bharti Airtel , Vodafone, Telenor-promoted Telewings, Videocon and Idea Cellular - had applied for participating in the auctions.
There was lukewarm response to the auction on Day 1 (Monday), mainly due to higher base price of Rs 14,000 crore for 5 megahertz airwaves frequency on pan-India basis.
There were no bidders for spectrum in Delhi, Mumbai, Karantaka and Rajasthan.
There were seven rounds of bidding on Monday and demand for 98 out of 176 blocks of spectrum for auction was witnessed. The value of 98 blocks stood at Rs 9,224.75 crore at the end of day.
New players or companies, whose telecom permits were impacted by a Supreme Court judgement that cancelled 122 licences, are required to bid for minimum of four blocks.
Existing players can bid for maximum of two blocks.
The government has also assured to provide additional blocks of spectrum in all circles, except Delhi and Mumbai, if required by new players or companies for them to qualify in the auction.
The auction is for 1800 megahertz spectrum band - currently being used for offering 2G GSM telecom services.
(With input from PTI)
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