On the fifth day of the spectrum auction, the government received bids worth Rs 63,325 crore for around 40 percent of mobile radiowaves put up for sale. The much-hyped spectrum auction saw a slowed demand on the fourth day yesterday, and received total commitments of Rs 63,500 crore, leaving about 60 percent of total spectrum put for auction unsold. The amount received on the fifth day is slightly lower than yesterday's closing, and officials have said that it can fluctuate or even go down because the bidding system requires existing and new operators to bid for different block sizes. The auction process resumed at 10AM with each round being 45 minutes in duration, unlike 60 minutes on the previous days. The bidding process is still on.
Yesterday marked the fourth day of spectrum auction and the government received cumulative commitments of Rs 63,500 crore from telecom operators at the end of bidding. In what is said to be India s biggest ever spectrum auction, there were still no takers for 700 MHz and 900 MHz bands at the auction for the fourth day running. However, just like day 3, majority of action was seen in the 1,800 MHz band, according to data released by the Department of Telecommunications. There were six fresh rounds of bidding with the total rounds now standing at 23 after four days. Day three had seen Rs 60,969 crore cumulative commitments from telecom operators after 17 rounds of bidding. The additional amount raised on the fourth day was Rs 2,531 crore.
At the end of bidding on Day three of the spectrum auction, the government received cumulative commitments of Rs 60,969 crore from telecom operators. There were no takers for 700MHz and 900MHz bands at the auction for the third day running, but major activity was seen in the 1,800MHz band, according to data released by the Department of Telecommunications (DoT). There were six fresh rounds of bidding with the total rounds now standing at 17 after three days. The maximum bids of 112 in the 1,800MHz band were received for the Jammu & Kashmir circle with a provisional winning amount of Rs 2.60 crore per block. However, 48 blocks were not bid for.
The ongoing spectrum auction has entered the 15th round on the third day. The bidding has now hit the 100 percent 'activity level', but there is still no demand for the premium 700MHz and 900MHz bands. The bidding activity has touched the 100 percent level according to industry sources. This development is being interpreted by certain sections of the industry as being indicative of the last phase. Sources said there is no demand yet for the 700MHz and 900MHz frequencies while bidding interest continues to be largely around 1800MHz and 2300MHz that can be used by operators to provide 4G services.
India s biggest spectrum auction has successfully completed its second day of the auction. At the end of the day, the government has received total commitments of Rs 56,792 crore from telecom operators. However, there were no takers for 700 MHz and 900 MHz bands, according to data by the Department of Telecommunications. A total of six fresh rounds of bidding took place on the second day, and the total rounds now stood at 11. The majority of activities were seen in the 1800MHz band. The maximum bids of 81 were received for Assam circle with a provisional winning amount of Rs 8 crore per block. However, it saw 18 less bids. The second highest bids in 1800MHz band was 62 received for Jammu and Kashmir with a provisional winning amount of Rs 2.60 crore per block. However, this circle also saw 98 less bids.
Telecom circles including that of Mumbai, Rajasthan and Gujarat saw higher bidding on the second day of the spectrum auction yesterday. That said, the premium 700 Mhz and 900 Mhz bands still remained without takers even after three rounds conducted so far. The first day, which marked the first day of the auction, attracted bids worth Rs 53,531 crore in 5 mobile frequency bands on auction. The bidding is in progress, and the Department of Telecom is expected to issue an update on the same. The 1800 Mhz spectrum band continued to see major bidding action in five circles, especially Maharashtra and Mumbai, industry sources said.
India's biggest telecom spectrum auction marked its day 1 on October 2. The first day of spectrum auction received commitments of approximately Rs 53,000 crore from telecom operators after five rounds of bidding. Even after the five rounds of the auction there were no takers for 700 MHz and 900 MHz bands, according to data by the Department of Telecommunications (DoT). On the other hand, majority of activities were seen in the 1800 MHz band. The maximum bids of 75 were received for Mumbai circle with a provisional winning amount of Rs 69.6 crore per block with an excess of 50 bids, while the second highest bids, 69, were received for Assam circle with a provisional winning amount of Rs 8 crore per block. However, this circle also saw 30 less bids.
What is being called as India s biggest auction of telecom spectrum is set to kicks off today with a total of seven operators in fray of 2,354.55 MHz across seven bands. The government has fixed a reserve price of Rs 5.66 lakh crore ($85 billion) towards the band. The companies that have qualified for the auction are Bharti Airtel, Vodafone India, Reliance Jio Infocomm, Reliance Communications, Idea Cellular, Aircel and Tata Tele, who have furnished total earnest money of Rs 14,653 crore. Given that earnest money deposit is roughly 10 percent of what a telecom operator can bid for, experts said the expectations of Rs 5.66 lakh crore ($8.5 billion) was already far-fetched.
India's biggest auction of telecom spectrum kicks off on Saturday with seven operators in fray for a total of 2,354.55 MHz across seven bands, towards which a reserve price of Rs 5.66 lakh crore ($85 billion) has been fixed by the government. The companies that have qualified for the auction are Bharti Airtel, Vodafone India, Reliance Jio Infocomm, Reliance Communications, Idea Cellular, Aircel and Tata Tele, who have furnished total earnest money of Rs.14,653 crore. Given that earnest money deposit is roughly 10 percent of what a telecom operator can bid for, experts said the expectations of Rs.5.66 lakh crore ($8.5 billion) was already far-fetched.
The government has kick-started the mock auction prior to the spectrum auction scheduled to begin from October 1. According to top sources in the ministry, the mock auction is held among the seven qualified bidders to ensure that the spectrum auction is conducted without any glitches. The company, mjunction services limited, is advising the government on this auction and also conducting the mock auctions. The companies that have qualified are Bharti Airtel, Vodafone India, Reliance Jio Infocomm, Reliance Communications, Idea Cellular, Aircel and Tata Teleservices.
In a rather surprising move, none of the telecom operators bid last week for a government-funded project for rolling out mobile networks in uncovered parts of the North East. The project was approved by the Cabinet two years back. The projects is said to provide 2G mobile coverage in identified uncovered areas and seamless mobile coverage along National Highways in the North-East. "There was no bidder for the project when tender was opened on September 22," said an official source. The Cabinet in September 2014 approved Comprehensive Telecom Development Plan for the North-Eastern Region entailing an estimated Rs 5,336.18 crore to be funded from the Universal Service Obligation Fund.
The biggest ever spectrum auction is slated to be launched on October 1. Seven telecom service providers have qualified to bid for the airwaves auction, according to official data released by the Department of Telecommunications (DoT). The companies that have qualified for the auction are Bharti Airtel, Vodafone India, Reliance Jio Infocomm, Reliance Communications, Idea Cellular, Aircel and Tata Teleservices. Reliance Jio can bid in any licensed service area (LSA) across the country, while Reliance Communications can bid across the country except northeast and Assam. Jio has deposited the highest Earnest Money Deposit of Rs 6,500 crore and has got the highest eligibility point allocated of 44,506.
With less than ten days left for the biggest-ever telecom spectrum auction, Vodafone India has announced that it has received an equity infusion of Rs 47,700 crore from Vodafone Group in the first half of the current fiscal. Vodafone India is a 100 percent fully owned subsidiary of the Vodafone Group. The telecom service provider has around 200 million customers in the country. Over half of its customers (107 million) come from rural India. The company has around 22.5 percent revenue market share.
In a seemingly tepid buildup to the upcoming spectrum auctions, due on October 1, seven mobile operators are said to have deposited earnest money of about Rs 15,000 crore, lower than the previous year's Rs 20,435 crore. "The cumulative EMD (earnest money deposit) submitted by seven telecom operators is about Rs 15,000 crore," industry sources told PTI. However, the same could not be officially confirmed. When contacted, companies too refused to comment on the numbers.
Bharti Airtel, Vodafone India, Reliance Jio and Idea Cellular, have submitted their applications to participate in India's biggest-ever telecom spectrum auction. The mega spectrum auction is said to start from October 1. Apart from the above mentioned telcos, other players who have submitted their applications to take part in the upcoming auction are Reliance Communications, Aircel and Tata Teleservices. The total amount of spectrum that will be offered for sale is 2,354.55 MHz. Overall, based on the reserve price, the mop up is expected to be Rs 5.66 lakh crore.
Bharti Airtel, Vodafone and Idea Cellular are reported to have submitted their applications to participate in the largest-ever spectrum auction scheduled to start from October 1. Interested bidders were asked to submit their applications by today for the auction that will see airwaves worth Rs 5.63 lakh crore go on sale. Telecom Minister Manoj Sinha feels that service providers not buying airwaves will not be able to take on competition and expects an enthusiastic participation. He said that companies need spectrum to give good quality service, increase revenue and "maintain a good image".
During his meeting with Telecom Minister Manoj Sinha, Qualcomm s Executive Chairman Paul E. Jacobs expressed concerns over steep pricing of some of the spectrum that are up for auction in October. According to him, the base price for some spectrum has is quite high. The executive chairman also expressed hope the spectrum are bought by participants and fully utilized. His comments come against the backdrop of country's biggest-ever spectrum auction, to be held from October 1, where mobile radio waves worth Rs 5.63 lakh crore will be put up for sale. Of the various bands, 700 Mhz band alone has potential to fetch bids worth Rs 4 lakh crore if all the spectrum in the band gets sold at the base price. But most of the telecom analysts have predicted a muted response to the band given the exorbitant pricing.
In what is considered to be India's biggest-ever telecom spectrum auction has been delayed by two days, and will now be conducted on October 1. Previously the auction was scheduled to take place on September 29, said the Department of Telecommunications (DoT) in a revised Notice Inviting Application (NIA) for the auction. While the NIA gave no reasons for the change, it is learnt that two reasons prompted the change in the date. First the telecom operators have requested the government that the auction should start from an auspicious date (and not from the inauspicious Shradhh period) and secondly they also said there should be a gap of at least three working days between mock auction and actual auction. The revised timetable of the auction has put the mock auction dates on September 26 and 27 and the start of actual auction from October 1.
Setting at rest reports that the spectrum auction might be pushed by a few days to coincide with the period considered auspicious by Hindus, as requested by the telecom industry, the Union government has announced that it would take place during the end of September. "We have finalised the date of the auction and it will happen in the last week of September... 29 or 30th," Union communications minister Manoj Sinha told reporters here. Earlier, there were reports that government was looking at pushing the upcoming spectrum auction by a few days to coincide with the period considered auspicious by Hindus, as requested by telecom industry.
The upcoming spectrum auction which was supposed to start in September 29 will most likely be postponed by a few days. Government is looking to do so as requested by telecom industry, to coincide with the period considered auspicious by Hindus, a top official said today while exuding confidence that revenue target from the biddings will be met. "The date of auction we had announced from September 29, but many companies and people feel that the Navratra is starting from October 1 that is a good time to bid. If it gives them good comfort to bid and spend more money to buy the spectrum, we are willing to change it to the first week," Telecom Secretary J S Deepak said.