Telecom Spectrum Auction update

The telecom spectrum auction has been ended on Wednesday .It includes 19 days and 115 rounds of bidding among eight telecom operators. At the end of the bidding today the government has received profitable bids worth of more than 1.09 lakh crore ($17.5 billion).According to a statement from the Department of Telecom operation it will be expected to raise about Rs 82,000 crore.

The final amount raised by the government will be announced later.

The following mentioned top Indian telecom contributors are participating in the auction for airwaves in seven spectrum bands.

          1.  Bharti Airtel Ltd

         2.  Vodafone Group Plc's India unit

         3.   Idea Cellular Ltd

         4.    Reliance Communications

         5.    Tata Teleservices

         6.   Aircel

         7.   Uninor.

Winning bidders need to pay third of the winning price initially and rest can be paid in the year of 2027.

However, the government's payday could be delayed as the final allocations to the mobile phone operators will take place after Thursday.when the Supreme Court issues its ruling on multiple cases questioning the auction guidelines and criteria.