SPECTRUM AUCTION- IDEA CELLULAR IS THE LARGEST BIDDER.

Supreme Court has lifted the embargo on 26th March on publishing the list of successful bidders in the just concluded spectrum auction. So the government has released the list and Idea Cellular, India’s third largest telecom company has secured the spectrum for the record amount of Rs. 30,306.98 crore for 900 MHz, 1800 MHz and 2100 MHz bands.

Other successful bidders are as follows;

Bharti Airtel- Rs. 29,130.20 crore,    Vodafone- Rs. 29,959.74 crore in the same bands.

Reliance Jio of Mukesh Ambani and Anil Ambani led Reliance Communications bid bought spectrum in 800 MHz and 1800 MHz bands for Rs. 10,077.53 crore and Rs. 4299.13 crore respectively.

Tata Teleservices will pay Rs. 7851.33 crore for 800 MHz and 1800 MHz and Aircel has bought spectrum in 1800 MHz band for Rs. 2250 crore.

However,Telenor, the Norway’s telecom company is the only company participated,not to win any spectrum.