Home / Business / Govt gets Rs 38,300 cr in Broadband spectrum auction

Govt gets Rs 38,300 cr in Broadband spectrum auction

New Delhi: The government raised over Rs 38,300 crore as the 16-day long auction for Broadband Wireless Access (BWA) spectrum came to an end.

The details of the BWA auction winners are still awaited from the Department of Telecom (DoT).

The total revenue of the government from sale of spectrum for both 3G and BWA stands at over Rs 1.06 lakh crore, more than thrice the earlier projection of Rs 35,000 crore by Finance Minister Pranab Mukherjee in his Budget speech in February, 2010.

The government had raised Rs 67,719 crore from 3G spectrum auction.

With a windfall of over Rs 70,000 crore, the government will be in a position to improve the fiscal deficit for the current financial year.

On the lines of 3G, Mumbai and Delhi received the highest bid amounts of more than Rs 2,272 crore and Rs 2,221 crore, respectively.

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