The Department of Telecom (DoT) has successfully concluded a mock auction of spectrum on Tuesday.
According to sources, the mock auction was successful and the actual auction process will start as planned from March 4.
Based on the reserve price, the government is estimated to garner over Rs 82,000 crore from the sale of radiowaves for providing 2G as well as 3G services.
At the minimum or auction start price for the 2,100 Mega-Hertz band or 3G spectrum, the government would garner at least Rs 17,555 crore.
The reserve price for auction of 2G spectrum in 800 MHz, 900 Mhz and 1800 MHz bands will fetch the government Rs 64,840 crore. Eight telecom operators have deposited a whopping Rs 20,435 crore as earnest money for the auction.
RJio has submitted the highest EMD of about Rs 4,500 crore, followed by Bharti Airtel Rs 4,336 crore, Idea Cellular Rs 4,000 crore, Vodafone Rs 3,700 crore, Tata Teleservices Rs 1,500.25 crore, Reliance Communications Rs 1,175 crore, Uninor Rs 724.95 crore and Aircel Rs 500 crore.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
