The provisional winning price for 3G spectrum on Thursday touched Rs. 4,831 crore as all top telecom companies mainly focus on seven high-value telecom circles, while the auction price on Tuesday stood at Rs. 4,582 crore.
Interestingly, after completion of 28 rounds, bidding remained aggressive for seven circles — Delhi, Mumbai, Maharashtra, Gujarat, Andhra Pradesh, Karnataka and Tamil Nadu — which saw provisional winning price remaining over Rs. 440 crore for each circle, with Gujarat retaining the first position at Rs. 487.76 crore.
While for the remaining 15 circles, bidders did not even cross Rs. 200 crore, with telecom companies showing no interest in five telecom circles — Punjab, West Bengal, Orissa, Assam and Jammu and Kashmir.
So far, the provisional winning price has been increasing gradually since the e-auction started.
While it was Rs. 3,913 crore on the opening day (April 9), it rose to Rs. 4,085 crore on April 10, to Rs. 4,324 crore on April 12 and to Rs. 4,582 on April 13, against the Department of Telecommunications reserve price of Rs. 3,500 crore for pan-India licence.