The provisional winning price for pan-India broadband wireless access (BWA) spectrum on Tuesday touched almost Rs. 8,000 crore, with high demand seen for Delhi and Mumbai circles.
After 52 rounds and seven days since the e-auction began, Delhi and Mumbai continue to remain as most-valued circles at Rs. 1,172.96 crore each, while the Tamil Nadu circle also crossed the Rs. 1,000-crore mark. Maharashtra, Karnataka and Andhra Pradesh are also getting good responses from bidders.
At current prices, the government would get about Rs. 24,000 crore from the sale of BWA spectrum, while it had already got over Rs. 67,700 crore from 3G spectrum auction. It is expecting a bounty of around Rs. 1-lakh crore from both the auctions against the previous estimates of just Rs. 35,000 crore.
Keywords: broadband wireless access