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BWA Auction Update Day 13: Pan-India Bid reaches $2.45B

ByPankaj

Jun 8, 2010 , , ,

On the 13th day of the auction the Pan-India bidding price has reached Rs 11,517.9 crore (approx US$2.45 billion), more than six times the reserve price of Rs 1,750 crore.

On the 13th day of the auction the Pan-India bidding price has reached Rs 11,517.9 crore (approx US$2.45 billion), more than six times the reserve price of Rs 1,750 crore.

Total revenue from 3G and BWA auctions has crossed 1 lakh crore as of today, the revenues from BWA auction, which is expected to end this week, have reached Rs.34,553.7 crore (approx $7.4 billion).

As many as 11 companies including Bharti Airtel, Reliance WiMax, Idea Cellular, Aircel, Qualcomm, Tata Communications Internet Services, and Vodafone Essar are participating in the BWA auction — a simultaneous online bid for two slots in each of the country’s 22 service areas.

So far 102 rounds has been completed including 10 of today. See below statewise details reported by the country’s Department of Telecommunications today.

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