India 3G Auction: Day 9

3:55 PM -- At the end of the ninth day of the 3G auction, the price of a pan-India license had reached 63.54 billion Indian rupees (US$1.43 billion), about 81 percent higher than the base price of INR35 billion ($786 million).

Delhi is still commanding the highest individual bid for a service circle, reaching nearly INR73.4 billion ($1.65 billion), followed by Mumbai at INR66.77 ($1.5 billion). (See A Guide to India's Telecom Market for a map of the circles.)

The state of Gujarat, which had been attracting the highest bids a few days ago, is currently commanding a price of nearly INR56.1 billion ($1.26 billion). (See India 3G Auction: Day 5.)

For the full details on the Day 9 bidding, go to the Department of Telecommunications auction update Website.

The bidding is expected to become fierce in the coming days, so keep an eye out for our updates, especially as the Indian government edges closer to its goal of raising $10 billion from its 3G and BWA (broadband wireless access) auctions. (See India 3G: And They're Off! and India Watch: The Road to 3G.)

— Gagandeep Kaur, India Editor, Light Reading

Sign In