An Spectrum auction for radiowaves used for mobile phone voice and data signals concluded on Wednesday, lasting just two days and garnering less than 12% of the government’s minimum estimated value of Rs 96,238 crore for the spectrum on offer
Auction Details
The auction presented a total of 10 GHz of spectrum ranging from 800 MHz to 26 GHz, and secured total bids worth Rs 11,340 crore, according to sources familiar with the matter.
Bidding Process
Five rounds of bidding occurred on the opening day, June 25. However, Wednesday saw minimal activity, leading officials to conclude the auction by around 11:30 AM. The total bids remained nearly unchanged from Tuesday’s figures, with only 140-150 MHz of spectrum estimated to have been sold.
Spectrum Bands on Offer
The available radiowaves were in the bands of 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz.
Previous Auction Comparison
In contrast, the previous auction in 2022 lasted seven days and set a record with over Rs 1.5 lakh crore worth of 5G telecom spectrum sold. During that auction, billionaire Mukesh Ambani’s Jio was the top bidder, acquiring nearly half of all airwaves for Rs 88,078 crore. Telecom tycoon Sunil Mittal’s Bharti Airtel made successful bids totaling Rs 43,084 crore, while Vodafone Idea purchased spectrum for Rs 18,799 crore.
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