Source: Times of India, Mar 26, 2015
NEW DELHI: Government raised a record Rs 109,874 crore in the country’s biggest and the fiercest auction of telecom spectrum that ended today, triggering fears of hike in call and data rates.
Incumbents Airtel and Vodafone bid aggressively to protect their businesses as new players like Reliance Jio participated in the auction that lasted 19 days and saw 115 rounds of bidding among eight operators. In two of the spectrum bands, prices jumped by over two-fold in some circles.
“Today spectrum auction has concluded at Rs 1,09,874 crore. This is highest ever in history of India. The spectrum auction conducted in 2010 brought about Rs 1,06,000 crore which included Rs 30,000 crore payment from BSNL and MTNL. This time all amount is non-BSNL, non-MTNL money,” Telecom Minister Ravi Shankar Prasad said.