New Delhi: Bids rose on the second day of India's multi-billion dollar third-generation (3G) auction, with one provisional winning bid for national cover touching Rs 40.85 billion ($922 million), or about a 17 per cent premium to the base price, government data showed.
A total of 10 rounds of bidding had been completed by Saturday, India's Department of Telecommunications said on its website, without disclosing which company had bid how much.
The widely-watched auction started on Friday and the multiple-round bidding process is expected to take about two weeks to complete, officials have said.
On the first day, bids were at about a 12 per cent premium to the base price of Rs 35 billion for all-India spectrum.
There is no bidding on Sunday. The auction resumes on Monday.
Comments
0 comment