The government had earned Rs150173 crore when the auction for telecom spectrum ended Monday afternoon after 7 days of bidding and 40 rounds, adding Rs43 crore to its kitty on the last day. the amount earned is higher when compared to the 7 auctions since 2010. in 2015 they earned 113932 crore. According to sources, Reliance Jio bid Rs 80,000 crore. It was followed by Bharti Airtel, Vodafone Idea and the Adani Group, which had said before entering consumer mobility.
The auction went for many days and rounds than planned expecting that most of the spectrum will be sold at the base price and will be over within two days. Companies had kept away from buying the 700Mhz spectrum in the earlier two auctions because they believed it was very expensive. The spectrum is becoming very popular globally as the key spectrum required for 5G coverage, especially indoors and for more efficiency.
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