India Wednesday concluded 94 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 nearing the Rs.9,000 crore level.
The Indian government expects to raise Rs.55,000 crore from the ongoing auctions of radio frequency spectrum for third generation (3G) telecom services and for rolling out broadband wireless internet services in the country, Communications Minister A. Raja said in New Delhi Tuesday.
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 Monday concluded 82 rounds of spectrum auction for third generation telecom services in the country, with Mumbai attracting the highest bid and the provisional winning price for a nationwide licence reaching Rs.8,382.48 crore.
India on Wednesday completed 58 rounds of an auction to award radio frequency spectrum for third generation telecom services in the country, with the provisional winning price for a nationwide licence crossing Rs.6,500-crore mark.