Broadband sale nets Rs 38,300 cr

Govt gets Rs 38,617 cr from BWA

New Delhi, June 11 (PTI)

Exceeding all hopes, the bargain for spectrum today ensured Rs 106,336 crore to the government, over three times the aboriginal estimate, with acknowledged bidders for Broadband Wireless Admission committing over Rs 38,617 crore.

Internet Account Provider Infotel emerged as the alone pan-India champ for BWA spectrum by committing Rs 12,872.52 crore.

Along with the BWA proceeds, that the coffer would get after this month, the Rs 67,719 crore accustomed from 3G spectrum winners would advice the government go a continued way in managing its arrears and abate borrowings.

In the Union Budget this year, Finance Minister Pranab Mukherjee had taken into annual an estimated Rs 35,000 crore from bargain of spectrum.

In BWA, the government auctioned two slots of 20 MHz each. Besides Infotel, US-based Qualcom bagged four circles of Delhi, Mumbai, Kerala and Haryana.

Qualcom would accept to pay Rs 4,912.54 crore. Bharti additionally bagged four circles--Maharashtra, Karnataka, Kolkata and Punjab--for Rs 3,314.36 crore.

Aircel bagged eight circles, mostly in class B and C areas for Rs 3,438.01 crore.

On the curve of 3G, Mumbai and Delhi accustomed the accomplished bid amounts of Rs 2,292.95 crore and Rs 2,241.02 crore, respectively.

State-owned BSNL and MTNL, which accept been accustomed BWA spectrum advanced of the clandestine players, will accept to pay the agnate of the acceptable bid in anniversary account area.

As abounding as 11 companies, including Bharti Airtel (BHARTIARTL.BO : 274.55 -10.7), Reliance, Idea Cellular, Aircel, Vodafone and Tata Communications Internet Services, alternate in the bargain for Broadband Wireless Admission spectrum.

BWA spectrum enables accelerated Internet admission as able-bodied as Internet telephony and TV services. It can additionally be acclimated for articulation and accelerated abstracts services.

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