Business

Govt revenues from spectrum sale crosses Rs 1 lakh cr

The government’s assured revenues from spectrum auction today crossed Rs 1 lakh crore surpassing the target fixed by the government from the sale of the spectrum.

At the end of eight day, the revenues stood at Rs 1,02,057 crore with completion of 49 rounds.

Yesterday (end of day seven), the government revenues had touched Rs 96,000 crore.

The biggest ever auction of spectrum – in 800 Mhz, 900 Mhz, 1800 Mhz, 2100 Mhz bands — started on March 4.

The ongoing auction is crucial for many existing telecom operators.

The licences of Idea Cellular (nine circles), Bharti Airtel (six circles) and Vodafone and Reliance Telecom (seven circles each) are due for renewal in 2015-16, which has made ongoing spectrum auction crucial for them.

Overall, 29 licences in 18 service areas are due for renewal in 2015-16. These licences hold 184 MHz of spectrum in the 900-MHz band and 34.2 MHz in the 1,800-MHz band.