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Telecom spectrum auction bids cross Rs.1 lakh crore-mark

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  13 March 2015 12:00 AM GMT

New Delhi, March 12: The government had received commitments totalling more than Rs.100,000 crore from telecom operators as the eighth day of bidding in e-auctions of radio frequency spectrum concluded on Thursday, an official said.The total commitments from the 49 rounds so far after eight days of aggressive bidding totalled Rs.102,057 crore, an official source said. Day Eight of bidding witnessed six rounds. “The bidding is taking place in all bands. Brisk bidding was seen on 8th day of bidding, with activity requirement set at 100 percent. There is aggressive bidding going on in all bands, that is, 2100 MHz, 1800 MHz, 900 MHz and 800 MHz bands,” an official statement from the Department of Telecom said here. (IANS)

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