BWA auction fetches at $7.67 bnJune 8th, 2010 - 10:03 pm ICT by IANS
New Delhi, June 8 (IANS) The Indian government’s provisional revenue from the sale of airwaves for broadband wireless access (BWA) services Tuesday reached Rs.34,553.7 crore ($7.67 billion) and the pan-India licence price touched Rs.11,517.9 crore ($2.55 billion).
The government has already earned Rs.67,719 crore from the sale of 3G spectrum alone, and along with the provisional proceeds at the end of rounds Tuesday, the accruals have already crossed Rs.1 lakh crore.
Tuesday saw the conclusion of 102 rounds of the auction of airwaves for BWA services. This is a simultaneous online auction for two slots in each of the country’s 22 service areas.
The auction, which began last week, saw the pan-India BWA licence price going up around 558.16 percent from the Rs.1,750 crore base price fixed by the government.
BWA spectrum is essential for rolling out Worldwide Interoperability for Microwave Access (WiMAX) services enabling hand-held devices and laptops to access the Internet.
The spectrum will allow companies to offer high-speed Internet access as well as Internet telephony and television services. It can also be used for voice and high-speed data services.
Eleven companies - Bharti Airtel, Reliance WiMax, Idea Cellular, Aircel, Augere Mauritius Ltd, Infotel Broadband Services, Qualcomm, Spice Internet Service Provider, Tata Communications Internet Services, Tikona Digital Networks and Vodafone Essar - are participating in the BWA auction.
According to the latest information available on the website of the Department of Telecommunications (DoT), Mumbai and Delhi attracted the highest bids. Mumbai got bids at Rs.1,993.02 crore while Delhi got bids worth Rs.1,942.18 crore.
The government has already allocated one block each of 20 MHz of unpaired spectrum to Mahanagar Telephone Nigam Ltd (MTNL) and Bharat Sanchar Nigam Ltd (BSNL) in their respective service areas.
The two state-run firms will have to pay the winners’ price.
The successful bidders in this auction can use the assigned frequency for commercial purposes immediately after they get the spectrum, the DoT has said.
- Pan-India BWA licence price up at Rs.2,353 crore (Lead) - May 24, 2010
- BWA auction accruals at $ 8.51 bn - Jun 10, 2010
- BWA auction completes 110 rounds, accruals at $6.89 billion - Jun 09, 2010
- BWA auction earns $5.14 bn, pan-India licence $1.9 bn - Jun 03, 2010
- Revenue from BWA auction at $5.3 bn, pan-India licence price at $1.7 bn - Jun 01, 2010
- Revenue from BWA auction at Rs.15,735 crore - May 28, 2010
- BWA auction ends, government reaps $8.5 bn - Jun 11, 2010
- Auction for BWA begins; Rs.15,000 crore expected - May 24, 2010
- Government asks 3G auction winners to pay by May 31 - May 21, 2010
- India's broadband airwaves auction to fetch $8.6 billion (Roundup) - Jun 11, 2010
- Auction of broadband airwaves starts Saturday - May 19, 2010
- India reaps billions from BWA auction, biggies stay away (Lead) - Jun 11, 2010
- Auction of 3G spectrum kicks off Friday - Apr 08, 2010
- All 9 telecom companies qualify for 3G spectrum auction - Mar 30, 2010
- BWA spectrum auction fetches Rs. 38,300 crore - Jun 11, 2010
Tags: aircel, bharat sanchar nigam, bharat sanchar nigam ltd, bsnl, communications internet services, digital networks, high speed data, high speed data services, high speed internet, high speed internet access, internet service provider, internet telephony, licence price, mahanagar telephone nigam ltd, mauritius ltd, mtnl, online auction, sanchar nigam ltd, vodafone essar, worldwide interoperability