Spectrum auction ends, govt raises Rs 65,789 crore

October 06, 2016 22:35

Telecom spectrum auction ended on Thursday with 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.

There were no takers for the expensive 700 Mhz and 900 Mhz bands during the course of the five days. The 700MHz band alone was expected to fetch Rs 4 lakh crore for the government.

"Bids worth about Rs 65,789 crore were received at the end of 31 rounds for 965 Mhz of spectrum out of total 2,354.55 Mhz put for auction," official sources said.

Around 60 per cent of mobile airwaves in value terms remained unsold in what was billed as the country's largest spectrum auction where Rs 5.63 lakh crore worth of spectrum was put up for sale from October 1.

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