Day 1 – Broadband Wireless Bids Reach Rs.2,353 crore

The auction for broadband wireless access (BWA) began yesterday with the bids moving up by 34.4% on day 1 itself. The base price of the BWA auction was at Rs.1,750 crore which moved up to Rs 2,353 crore. There are 11 biddes for two slots of 20 Mhz each. This means that this auction might go on for a longer time than the 3G auctions which had 9 bidders for 3 slots.

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The bidders include Bharti Airtel, Vodafone Essar, Tata Communications, Reliance Communications and Idea Cellular, Qualcomm and Augere, from France.

Similarity With 3G auctions

The affinity towards metro circles is a similarity between bids in the BWA when compared to the 3G auction. So while Delhi, Mumbai, Tamil Nadu and Gujarat reached Rs 232 crore compared to the initial base price of Rs 160 crore there was little interest in category C circles such as Orissa, Assam and North East.

Important auction for Internet Space In India

BWA spectrum can offer broadband services with speeds of up to 3 Mbps and might be key for the upliftment of the broadband auctions in the country. There is speculation that these auctions could earn the government as much as Rs.15,000 crore

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