The bid for the pan-Indian broadband wireless access spectrum rose to Rs 4,198 crore on the third day of the auction on Wednesday as against the base price of Rs 1,750 crore.
At the current price the government would realise a revenue of Rs 12,296 crore from sale of three slots of BWA radio waves.
The government is auctioning two slots of 20 MHz of pan- Indian BWA spectrum. BSNL and MTNL, which have already been given the BWA spectrum ahead of private players, will have to pay the equivalent of the winning bid in each service area.
Earlier, the government had estimated a revenue of Rs 35,000 crore from sale of both 3G and BWA radio waves. However, the 3G auction fetched it Rs 67,719 crore. — PTI