3G Spectrum Auction India
Govt’s revenues from India’s 3G spectrum auction crossed Rs 40000 crore on the 19th day of the auction process. This was that Telecom Minister A Raja had set initially before the auction process began. At the end of the 19th day the total revenues stood at Rs 40054 crore. The all India bid rose to Rs 9920 crore from Rs 9521 crore on the 18th day. The bid activity level was at 90%.
Among individual circles, the Delhi circle price rose to Rs 1550 crore while the Mumbai circle price rose to Rs 1617 crore. The Maharasthra circle price rose to Rs 1020 crore.
Before the auction process began, Telecom Minister A Raja had pegged an estimate of Rs 40000-45000 crore as the Govt’s revenues from the 3G auction. But within 15 days of auction, the government upped its target to over Rs 55,000 crore.