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Monday, May 3, 2010

Pan-India 3G bid price crosses Rs. 10, 348 crore

PTI - The bid price for pan-India 3G licence on Monday crossed the Rs. 10,000 crore-mark on the 20th day of auction, assuring the exchequer of Rs. 41,766 crore in revenue.

Nine operators in the fray for 3-4 slots drove up the pan-India bid price to Rs. 10,348 crore.

The Mumbai circle continued to attract much interest, with bids reaching Rs. 1,706.07 crore — over five times the base price of Rs. 320 crore. Delhi’s received a bid of Rs. 1,653.87 crore.

Both Mumbai and Delhi circles have three slots available for auction.

The government had originally estimated to collect Rs. 35,000 crore from sale of spectrum (air waves) for third generation mobile services and Broadband Wireless Access (BWA).

With BWA spectrum yet to be auctioned, the total collections could rise further

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