NEW DELHI, INDIA: With 11 bidders, including a strong international player - Qualcomm, the BWA auctions are set to exceed the government's expctations of Rs. 15,000 crore, with the first day itself assuring the government of a minimum revenue of Rs. 7, 059.54 crore.

These whimsical views were thrown off on day one of bidding itself, as the bids for a pan-India BWA licence reached Rs. 2,353.18 crore, from a reserve price of Rs. 1,750 crore, assuring the government of a minimum revenue of Rs. 7,059.54 crore from the first day. 

The simultaneous online auction for two slots in each of the country's 22 service areas, saw a surge of 34 per cent in bids by the end of five rounds on the first day, with Delhi and Mumbai circles  having an excess demand of six bidders each on the first day, with two slots available in each circle.

The bids in Delhi and Mumbai stood at Rs. 232.96 crore each, at a reserve price of Rs. 160 crore, yet again seemingly exceeding Communications and IT minister A.Raja's expectations of Rs. 15,000 crore  in total from the BWA auction, at a reserve price of Rs. 1,750 crore for the 20 Mhz of spectrum. In fact, there was excess demand in 12 circles, while there was negative demand in eight circles.

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