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New spectrum auction likely to fetch the highest amount in September
Lucknow: The Indian telecom authorities are all set to auction 2300 megahertz spectrum in coming September and it is being speculated that this auction would garner the largest revenue of approx Rs 5.6 trillion.
The last spectrum auction that ended on March 25, 2015 after 115 rounds in 19 days yielded Rs 1.09 trillion but this time the figures are expected to rise four times of the last revenue generated in the last auction.
It is being expected that 700 mhz spectrum may be take the highest bidder as its bidding would start at the price of Rs 1140 billion per mega hertz as telcos on India eyeing at the 5mhz for pan-India and it would be sold for Rs 57,429 crores.
The government had already proposed the bidding rate of 345 mhz spectrum and it would be sold for Rs 37.4 billion per mega hertz.
According to market pundits, the figure may also go up if the bidding for this 2300 mhz spectrum is done at the rate of 2500 mhz spectrum, which is not yet available in India and if it happens the rate would be Rs 8.17 billion per mega hertz.
This time it would be very interesting to see that how much spectrum would be sold as last year 11 per cent of the spectrum auctioned remained unsold.
Airtel, Idea, Vodafone, Tata, Uninor and Reliance were the bidders last time.
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