3G Auction Update at end of Day 32 (176 Rounds)
- Bids for pan-India 3G mobile licenses has reached Rs161.64bn (US$3.54bn), more than double the base price of Rs35bn.
- Delhi has now edged past Mumbai with the circle price of 3156 crore rupees and there still exists excess demand for the circle
- Mumbai now has a bid price of Rs 3,089.50 Crore, and I think it will remain at that as there seems to be no demand for Mumbai anymore (It could just be for the day though)
- Among the state circles, Karnataka is on top with around 1580 crore rupee bid.
- Tamil Nadu (1579.91 Cr) is second followed by Karnataka (1479.48 Cr), Andra Pradesh (1332.77 Cr), Maharashtra (1257.82 Cr) & Gujarat (1065.41 Cr)
- Currently Excess demand is seen in 3 circles – Delhi, Kolkata & Punjab.
- Delhi & Mumbai circles alone account for close to 40% of bids.
- Prices for circles that were unchanged through-out the day – Maharashtra, Karnataka, Tamil Nadu, Haryana, Madhya Pradesh, West Bengal, and Jammu & Kashmir.
So, the big question now is – When is this going to end ? My guess is less than a week – Anybody bets on it ??
To know more pl. read this article
3g-auction-update-telecom-india
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