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India Monday concluded 148 rounds of an auction to award spectrum for third generation (3G) telecom services in the country, with the government's provisional revenue from the sale of airwaves nearing the Rs.55,000 crore ($12.2 billion) mark and the nationwide licence price reaching Rs.13,473.55 crore ($3 billion).

Surpassing targets, the Indian government's provisional revenue from sale of third-generation (3G) airwaves Wednesday reached Rs.58,415.72 crore ($12.9 billion) and the nationwide licence price touched Rs.14,466.02 crore ($3.21 billion) after 157 rounds of an auction to award spectrum for 3G telecom services.

The government hopes to net around Rs.45,000 crore from the ongoing auctions to award radio frequency spectrum for third generation (3G) telecom services and for rolling out broadband wireless internet services, Communications Minister A. Raja said Tuesday.

The Indian government's provisional revenue from the sale of third-generation (3G) airwaves Monday crossed the Rs.65,000 crore ($14.2 billion) mark and nationwide licence price reached over Rs.16,000 crore ($3.5 billion) at the end of 176 rounds of an auction to award the spectrum for telecom services.

Revenue generated from the auction of third generation (3G) spectrum license would help the government in reducing the fiscal deficit, Union Finance Minister Pranab Mukherjee said in Bangalore late Saturday.

India has completed 52 rounds of an auction to award radio frequency spectrum for third generation telecom services in the country, with the government expected to get Rs.25,769.82 crore as minimum revenue from the bidding.

India Thursday concluded 132 rounds of an auction to award spectrum for third generation (3G) telecom services in the country, with the government's provisional revenue from the sale of airwaves crossing the Rs.45,000 crore ($9.9 billion) mark and all the 22 circles receiving bids.

India's telecom watchdog TRAI (Telecom Regulatory Authority of India) Tuesday suggested a one-time levy on unused radio spectrum with service providers based on the price derived from the auction for 3G frequency that could bring Rs.35,000 crore ($7.7 billion) of additional revenue for the government.