With the auction of BWA spectrum concluding today after 117 rounds over 16 days, the government is set to gain $8.6 billion.
The auction for spectrum today ensured Rs 106,336 crore to the government, over three times the original estimate, with successful bidders for Broadband Wireless Access committing over Rs 38,617 crore.
Internet Service Provider Infotel emerged as the only pan-India winner for BWA spectrum by committing Rs 12,872.52 crore. Aircel won spectrum in 8 circles.
While in the Delhi circle, Infotel and Qualcomm emerged winners, with Infotel's winning bid at Rs 2,241.02 cr, Mumbai also saw the same winners, with Infotel bidding Rs 2,292.95 cr. Bharti and Infotel emerged winners in Maharashtra, with Bharti's winning bid at Rs 915.64 cr.
Qualcomm has won one, 20 MHz slot of spectrum in the circles of Delhi, Mumbai, Haryana and Kerala. Its winning bid was INR4912.54 Crore or approximately USD1.045bn.
Qualcomm said that it anticipates the Government of India will formally approve results of the BWA Auction shortly. The company will soon announce its Indian partners in compliance with the applicable Indian Foreign Direct Investment regulations and will work with its partners towards demonstrating LTE (TD-LTE) technology with the goal of creating LTE infrastructure and device ecosystem.
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