Friday, June 4, 2010

BWA auction revenue reaches $5.43 bn

The Indian government's provisional revenue from the sale of BWA services Friday reached Rs.24,439.92 crore ($5.43 billion) and the pan-India licence price was Rs.9,522.35 crore ($2.11 billion).

India Tuesday concluded 77 rounds of the auction of airwaves for BWA services. This is a simultaneous online auction for two slots in each of the country's 22 service areas.

The auction, which began last week, saw the pan-India BWA licence price going up around 444.13 percent from the Rs.1,750 crore base price fixed by the government.

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