5G spectrum bidding spills over to Day 3 for select circles

After 9 rounds of bidding, govt kitty from spectrum sale touches Rs 1.49 trillion

Telecom companies continued bidding for spectrum on the second day of 5G auction, spilling the action over to Thursday. At the end of nine rounds of bidding, telcos have bought airwaves worth Rs 149,454 crore (Rs 1.49 trillion). The purchase on day two was incremental at Rs 4,454 crore, after a record sale of spectrum worth over Rs 1.45 trillion on the opening day of the biggest auction so far in India.  

Sources pointed out that the bidding was prolonged due to intense competition among telcos in 1800 MHz band for the UP (East) circle. The demand in this circle is