BWA auction ends; Govt to get Rs 38,617 crore

Infotel emerges as only pan-India bidder by committing Rs 12,872.52 crores

PTI | June 11, 2010



Exceeding all hopes, the auction for spectrum today ensured Rs 106,336 crore to the government, over three times the original estimate, with successful bidders for Broadband Wireless Access committing over Rs 38,617 crore.

Internet Service Provider Infotel emerged as the only pan-India winner for BWA spectrum by committing Rs 12,872.52 crore.

Along with the BWA proceeds, that the exchequer would get later this month, the Rs 67,719 crore received from 3G spectrum winners would help the government go a long way in managing its deficit and reduce borrowings.

In the Union Budget this year, Finance Minister Pranab Mukherjee had taken into account an estimated Rs 35,000 crore from sale of spectrum.

In BWA, the government auctioned two slots of 20 MHz each. Besides Infotel, US-based Qualcom bagged four circles of Delhi, Mumbai, Kerala and Haryana.

Qualcom would have to pay Rs 4,912.54 crore. Bharti also bagged four circles--Maharashtra, Karnataka, Kolkata and Punjab--for Rs 3,314.36 crore.

Aircel bagged eight circles, mostly in category B and C areas for Rs 3,438.01 crore.

On the lines of 3G, Mumbai and Delhi received the highest bid amounts of Rs 2,292.95 crore and Rs 2,241.02 crore, respectively.

State-owned BSNL and MTNL, which have been given BWA spectrum ahead of the private players, will have to pay the equivalent of the winning bid in each service area.

As many as 11 companies, including Bharti Airtel, Reliance, Idea Cellular, Aircel, Vodafone and Tata Communications Internet Services, participated in the auction for Broadband Wireless Access spectrum.

BWA spectrum enables high-speed Internet access as well as Internet telephony and TV services. It can also be used for voice and high-speed data services.

Comments

 

Other News

Days of Reading: Upendra Baxi recalls works that shaped his youth

Of Law and Life Upendra Baxi in Conversation with Arvind Narrain, Lawrence Liang, Sitharamam Kakarala, and Sruti Chaganti Orient BlackSwan, Rs 2,310

Voting by tribal communities blossoms as ECI’s efforts bear fruit

The efforts made by the Election Commission of India (ECI), over last two years, for inclusion of Particularly Vulnerable Tribal Groups (PVTG) communities and other tribal groups in the electoral process have borne fruit with scenes of tribal groups in various states/UTs participating enthusiastically in t

GST revenue for April 2024 at a new high

The gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%). After accounting for refunds, the net GST

First Magahi novel presents a glimpse of Bihar bureaucracy a century ago

Fool Bahadur By Jayanath Pati (Translated by Abhay K.) Penguin Modern Classics, 112 pages, Rs 250 “Bab

Are EVs empowering India`s Green Transition?

Against the backdrop of the $3.5 billion Production-Linked Incentive (PLI) scheme launched by the Government of India, sales of Electric Vehicles (EVs) are expected to grow at a CAGR of 35% by 2032. It is crucial to take into account the fact that 86% of EV sales in India were under the price bracket of $2

When Nandini Satpathy told Biju Patnaik: ‘I’ll sit on the chair you are sitting on’

Nandini Satpathy: The Iron Lady of Orissa By Pallavi Rebbapragada Simon and Schuster India, 321 pages, Rs 765

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter