THE 2G AUCTION BEGAN ON 3 FEBRUARY IS STILL GOING STRONG AND AFTER 49 ROUNDS AT THE END OF THE SEVENTH DAY WITH BIDS WORTH RS.58300 CRORE.THE CENTRAL GOVERNMENT WAS EXPECTING AROUND RS.11000 CRORE FOR THE CURRENT FISCAL FROM THE AUCTION.BUT THE GOVERNMENT HAS ALREADY ENSURED AN AMOUNT OF RS.16700 CRORE. THE TELECOM DEPARTMENT HAS PUT ON SALE ABOUT 385 MHz OF SPECTRUM IN THE 1800 MHz BAND AND 46 MHz IN THE 900 MHz BAND.

LICENCES OF BHARATI AIRTEL AND VODAFONE IN DELHI,KOLKATA AND MUMBAI ARE EXPIRING LATER THIS YEAR AND IT IS A MUST FOR BOTH COMPANIES TO GET 900 MHz BAND SPECTRUM TO CONTINUE THEIR OPERATIONS IN THIS BAND.AND THAT IS WHY AGGRESSIVE BIDDING IS CONTINUING.

IF THE CURRENT TREND IS ANY INDICATION,THE TELECOM EXPERTS BELIEVE THAT THE COLLECTION FOR THE CURRENT FISCAL MAY TOUCH RS.20,000 CRORE.