/ciol/media/agency_attachments/c0E28gS06GM3VmrXNw5G.png)
Follow UsNEW DELHI, INDIA: Bids for one set of nationwide wireless broadband spectrum licenses in India totaled Rs 10,652 crore on Monday, in what is likely to be the last week of the auction.
Total revenues from BWA auction, which is expected to end this week, have already reached Rs 31,956 crore.
The current auction follows the one for third-generation (3G) spectrum that ended on May 19, after 34 days of bidding. As per media reports, the total revenue from 3G and BWA auctions together stood at Rs 99,675 crore as of today.
On the 12th day of BWA auction, Mumbai received the highest bid of Rs 1,804.30 crore, followed by Delhi at Rs 1,758.29 crore. Tamil Nadu came third with a bid of Rs 1,614.48 crore. All three circles have a reserve price of Rs 160 crore.
As of Monday, the auction had gone 92 rounds over 12 days.
BWA spectrum would enable Worldwide Interoperability for Microwave Access (WiMAX) services in laptops and desktops, which would allow consumers to access the Internet at a very high speed.
As many as 11 companies including Bharti Airtel, Reliance WiMax, Idea Cellular, Aircel, Qualcomm, Tata Communications Internet Services, and Vodafone Essar are participating in the BWA auction - a simultaneous online bid for two slots in each of the country’s 22 service areas.