3G auction ends with double revenue for the government

After 34 days of auctioning, bids for the pan-India 3G licence ended on Wednesday. The bids touched Rs 16,828, which will result in revenue of around 70,000 for the government. The earnings for the govt are expected to double from the earlier estimations.

Bharti, Idea and Vodafone have emerged as winner in some of the circles. The latest figures available say that the pan-India bid for the licence has recorded Rs 16,828 as compared to the reserve price of Rs3, 500.

Now, after the completion of the 3G telephony spectrum, the government will start auction of Broadband Wireless Access spectrum in two days.

Those who participated in the auctioning of 3G services included nine leading mobile operators Bharti Airtel, Vodafone, RCom and the Tatas. These services will allow the customers to download the data on mobile phone.