New Delhi, May 04: The bid price for 3G spectrum continues to rise as it touched Rs 10,749 crore for pan-India operations on the 21st day of auction, assuring the government of Rs 43,372 crore in terms of revenue.
According to sources in the Department of Telecom (DoT), the auction may go on for few more days indicating further hike in bid prices.
With all leading mobile operators like Bharti AIrtel, Vodafone Essar, Idea, RCom and Tatas, among others, in the fray for procuring spectrum, the bid has surpassed all estimates.
Mumbai and Delhi continued to witness most aggressive bids with quotations going beyond the Rs 1,700 crore each for both circles against the reserve price of Rs 320 crore each.
Both Mumbai and Delhi circles have three slots available for auction.
–Agencies