India's biggest ever sale of mobile airwaves wraps up in five days with a muted response leaving 60% of airwaves unsold
The biggest ever spectrum auction has come to an end with govt receiving bids worth Rs 65,789 crore over the last five days, a mere 40 per cent of the total worth of spectrum that was placed on the block. Out of 2,354.55 MHz across seven bands put on offer only 964.80 MHz of spectrum was sold.
The premium 700MHz band was put on sale for the first time but there were no takers for the premium 700Mhz LTE band due to high pricing set by the govt and even the 900 Mhz band did no see any interest from the
The bidding activity took place only in few circles with interest continuing to be largely around 1800 MHz and 2300 MHz that is mainly used for providing 4G services. Industry also bid for spectrum in 2100 Mhz (3G/4G) band, 2500 Mhz (4G) band and 800 Mhz (2G/4G) bands.
With all telecom operators concentrating on filling the gaps in their network and cautiously investing in spectrum the govt could only sell 40% of the spectrum put on auction, Telecom Minister Manoj Sinha said "The total upfront payment to the government is about Rs 32,000 crore which is the highest in the last five years. Wherever operators wanted to improve their data services, they participated. Total, we could sell 964.80 MHz of spectrum"
Around 60 per cent of mobile airwaves in value terms remained unsold in what was sold as the country's largest spectrum auction where Rs 5.63 lakh crore worth of spectrum was put up for sale.