The 16 day auction for the Broadband Wireless Access (BWA) spectrum is completed. The Indian government received more than Rs 38,000 crores during the BWA spectrum auctions.
The total receipts to the government from the combined sale of BWA and 3G spectrum crossed Rs 1.06 lakh crores. This is almost three times when compared to the projections of Rs 35,000 crore that Finance Minister, Mr. Pranab Mukherjee made during his budget speech this February. The Department of Telecom has not shared the details regarding the BWA spectrum auction winners yet, the same will be shared shortly.
3G spectrum auctions brought in Rs 67,719 crore for the government. Including 3G and BWA the government received almost thrice the estimated amount which amounted to an additional amount of Rs 70,000 crore received by the government during the auctions. This extra money will go a long way in helping the government bridge the gaps in the fiscal deficit for the ongoing financial year.
Similar to what happened during the 3G auctions, the circles of national capital Delhi and the business capital Mumbai got the highest bids which were Rs 2,221 crore and Rs 2,272 crore respectively.
Two all-India slots of 20 MHz spectrum were auctioned during the BWA spectrum auction. Government players MTNL and BSNL were provided with the BWA spectrum before the private players but they will have to pay the amount equal to the winning bid amount in each areas of service.
All leading telecom companies like Idea Cellular, Tata Communications Internet Services, Vodafone, Bharti Airtel, Aircel, and Reliance took part in the BWA spectrum auctions. There were almost 11 companies in the race.
Broadband Wireless Access spectrum can be used for high speed Internet and data services along with services like Voice, Internet Telephony and internet based Television services.
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