Companies & Sectors
Spectrum auction: Telcos bid in all 22 circles for both bands

Eight telecom operators, including Bharti Airtel, Vodafone and Reliance Jio Infocomm, are in the fray in the auction from which the government expects to garner at least Rs11,300 crore

The third round of the telecom spectrum auction opened on Monday with bids pouring in for all 22 circles or zones in the 1,800 MHz band and all three zones in the 900 MHz band.

 

“Till now, four rounds of bidding have been completed. Bids have been received in all 22 service areas in the 1,800 MHz band and in all three service areas in the 900 MHz band. Thus, bidding has taken place in all the service areas in both bands,” an official statement said.

 

Eight telecom operators, including Bharti Airtel, Vodafone and Reliance Jio Infocomm, are in the fray in the auction from which the government expects to garner at least Rs11,300 crore in the current financial year.

 

The auction started as planned after the Supreme Court refused to interfere with the order of the telecom tribunal dismissing the pleas of Bharti Airtel, Vodafone, Loop and Idea for a stay on the spectrum auction and extension of their licences by another 10 years.

 

The Department of Telecom (DoT) has put on the block about 385 MHz of radio waves in the 1800 MHz band and 46 MHz in the 900 MHz band.

 

Normally, six to seven rounds of bidding take place in a day with each round of 60 minutes. There is a 20-minute break between rounds.

 

The government is conducting this third round of spectrum auction following a Supreme Court order in the 2G case directing that all radio waves freed from the cancellation of 122 licences in February 2012 should be auctioned.

 

Besides, the 900 MHz has to be auctioned as some of the radio waves in this band are held under old telecom licences, which will start expiring from November 2014.

 

The 3G auction in 2010 lasted for 34 days, while the offer in November 2012 lasted for two days and the sale in March last year lasted for only one day.

 

In November 2012, Rs9,407 crore of bids were received for spectrum worth Rs28,000 crore that was offered.

 

In March 2013, no GSM operators bid at the auction and only CDMA operator Sistema Shyam bought spectrum of about Rs3,600 crore in eight of the 21 service areas.

 

Vodafone needs to get spectrum in Delhi, Mumbai and Kolkata; Airtel in Delhi and Mumbai, and Loop Mobile in Mumbai to continue operations as their licences expire in November.

 

The fovernment is hopeful that all the spectrum offered will be sold in the auction.

 

The government has set a target of Rs40,874.50 crore for this fiscal from spectrum, including the auction amount, one-time spectrum charge and annual regular licence fee.

User

To My TRUE (?) Love

On the issue of breach of promise

Arvind Datar and Moneylife Foundation had a wonderful...

Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
Facebook turns 10 amidst challenges from Pinterest, Twitter

Other social networking sites like Pinterest, Twitter and SnapChat have sparked concerns that Facebook which set a social networking trend in motion may be losing its original teen base

Facebook — with more than 1.2 billion users worldwide — is celebrating its 10th birthday amidst challenges of keeping its original base of young users with new innovative social networks coming to the fore.

 

Mark Zuckerberg launched the social networking site on 4 February 2004 from Harvard University.

 

Facebook was conceived as a way to connect students, and let them build an online identity for themselves, ‘Computer World’ reported.

 

According to the company’s own recent figures, the social networking site has since expanded to cover a large swath of the world, with more than 1.2 billion people using its site on a monthly basis.

 

Zuckerberg, who turns 30 in May, reflected on the 10-year milestone at an industry conference in Silicon Valley last week.

 

He said he never envisioned Facebook, which made him one of the wealthiest people in the world, becoming so large or influential at the start. “It didn’t even occur to me that it could be us,” Zuckerberg said.

 

Since then, Facebook’s site and its business, now a public company, have changed dramatically, the report said.

 

The company was slow to react to the important mobile market, however, last week it reported that more than half its ad revenue now comes from mobile devices, the report said.

 

Among the growing challenges is the soaring popularity of smartphone apps that let people share images, videos, thoughts or observations at any moment.

 

Social networking sites such as Pinterest, Twitter and SnapChat have sparked concerns that Facebook which set a social networking trend in motion may be losing its original teen base.

 

A recent Princeton University study suggested that Facebook may lose around 80% of its users over the next three years, a claim which was challenged by the social networking site.

 

According to a recent report in iStrategyLabs, Facebook lost more than 3 million users in the age group of 13 and 17 between January 2011 and January 2014.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)