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This is an archive article published on May 9, 2010

Spectrum revenue tops Rs 51,000 cr

The revenue from the sale of 3G spectrum today crossed the Rs 51,000-crore mark as the bid price for a national licence rose to Rs 12,851 crore on Day 25 of the auction.

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The revenue from the sale of 3G spectrum today crossed the Rs 51,000-crore mark as the bid price for a national licence rose to Rs 12,851 crore on Day 25 of the auction.

At the current all-India bid price,the government is assured of at least Rs 51,833 crore over an estimated revenue of Rs 35,000 crore from sale of spectrum for 3G and broadband wireless access (BWA) services.

Today’s auction saw the highest-ever single day jump in revenue so far at Rs 3,156 crore.

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On the basis of yesterday’s price,the government’s assured revenue stood at Rs 48,677 crore. The all-India 3G licence reserve price is Rs 3,500 crore.

Mumbai continued to lead the pack at Rs 2,316 crore,followed by Delhi circle at Rs 2,209 crore,while Karnataka came in third at Rs 1,374.51 crore today.

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