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).
In the first-ever auction of the radio frequency spectrum for third generation (3G) telephony in India, Delhi attracted the highest bid even on the second day Saturday.
India Thursday concluded 100 rounds of an auction to award spectrum for third generation (3G) telecom services in the country, with the provisional winning price for a nationwide licence reaching over Rs.9,300 crore.
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.
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 much-awaited, first-ever auction of radio frequency spectrum for third generation (3G) telephony in India will kick off on Friday with top telecom firms such as Bharti Airtel and Reliance Communications bidding for airwaves in all 22 service areas.
India Tuesday completed 22 rounds of auctions to award radio frequency spectrum for third generation telecom services in the country, with a provisional winning price of Rs.4,589.52 crore for a pan-India licence.
The first-ever auction of the radio frequency spectrum for third generation (3G) telephony that would facilitate high-speed mobile services in India began on Friday, with five rounds completed in a single day.
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.
Telecom operator Etisalat DB, which withdrew from 3G auction in India after bidding surpassed the $2 billion-mark, is confident of offering the services in future, reports Abu Dhabi-based English daily, The National.
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.
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.
Anil Ambani-led Reliance Communications (RCom) Monday paid Rs.8,585.04 crore ($1.91 billion) towards spectrum fees to the government to start third generation (3G) telecom services.
State-run Bharat Sanchar Nigam Ltd (BSNL) will provide third generation (3G) telecom services at affordable rates and bridge the rural-urban digital divide, company chairman and managing director Kuldeep Goyal said.
The Indian government Friday approved the results of the auction of spectrum for third generation (3G) telecom services and asked the winning firms to make payments by May 31.
Nation has completed 28 rounds of auction to award radio frequency spectrum for third generation telecom services in the country, with a provisional winning price of Rs.4,831.09 crore for a pan-India licence.
India has concluded 122 rounds of an auction to award spectrum for third generation (3G) telecom services in the country, with the provisional winning price for a nationwide licence touching Rs.10,749.16 crore mark.