The spectrum auction 2021 concluded on Tuesday with the government receiving total bids worth Rs 77,814.80 crore.
“The value of spectrum for which there are winning bids is Rs 77,814.80 crore. Incremental bids for Rs 668.20 crore were made on Tuesday,” said Anshu Prakash, Secretary in the Department of Telecommunications.
Tuesday was the second and concluding day of spectrum auction 2021. The auction began on March 1 and concluded at 12.45 pm on Tuesday, after a total of six rounds of bidding. The e-auction was based on the Simultaneous Multiple Round Ascending Auction (SMRA) methodology.
Spectrum Auction Key Points:
1. Bidding took place for spectrum in 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands. The total quantity of spectrum for which right to use has been acquired in these bands is 855.60 MHz, said Prakash.
2. The Telecom Department said it is satisfied with the outcome as the numbers had exceeded internal estimates despite the pandemic and stress…