So far 52 rounds of bids have been completed and there is no excess demand in major circles like Delhi, Mumbai, Maharashtra, Gujarat, Andhra Pradesh, Karnataka and Tamil Nadu
The government is likely to earn up to Rs45,000 crore from the auction of 3G and broadband spectrum, telecom minister A Raja said today, reports PTI.
The amount is much higher than the earlier target of up to Rs35,000 crore.
“The auction of 3G and Broadband Wireless Access (BWA) spectrum put together is likely to fetch Rs44,000 crore to Rs 45,000 crore for the government,” Mr Raja said on the sidelines of a telecom event.
After yesterday’s round of bidding for 3G, which began on 9th April, the government would get at least Rs25,770 crore from the sale of third generation (3G) spectrum alone.
On Tuesday, which was the 9th day of bidding, the base price increased to Rs6,355 crore for pan-India frequency from Rs3,500 crore.
Delhi continues to be on top, with a bid of Rs733.71 crore against the base price of Rs320 crore. Mumbai attracted the second highest quotation of Rs667.77 crore, followed by Tamil Nadu at Rs643.37 crore.
So far 52 rounds of bids have been completed and there is no excess demand in major circles like Delhi, Mumbai, Maharashtra, Gujarat, Andhra Pradesh, Karnataka and Tamil Nadu, indicating that the price may not go up further in these circles.
However, going by the rules of the auction, any operator can come back and bid for any of the circles till the government discovers price in all the areas simultaneously.
Kolkata is the only circle with excess demand and there are 11 service areas with negative demand.
Heathrow Airport in London opened for operations today and British Airways will resume all long-haul flights out of the UK capital
With Heathrow Airport opening up after widespread flight disruptions caused by volcanic ash from Iceland, Air India and Jet Airways today readied themselves to resume operation to the UK. However, Kingfisher Airlines is yet to take a decision.
Officials of Air India and Jet Airways said that the airlines were prepared to begin operations as per their schedules.
They, however, said that their decision to resume operations could be reviewed in case of fresh influx of volcanic ash. The Indian carriers had stopped flights to European destinations last Thursday.
A British Airways spokesperson said that Heathrow Airport in London opened for operations at 2AM IST today and all long-haul flights of the airline out of London will be resumed.
Air France and Lufthansa had yesterday operated flights from India to Paris and Munich after six days of disruption but services to other European destinations had remained suspended. They were the first airlines to resume services to Europe from India after the gap.
Mangalam Cement’s valuation lags its growth potential
If you are upbeat about the prospects...