Revenue from 3G auction over Rs 51,000 cr

The government had hoped to rake in Rs 55,000 crore ($12 billion) from both the 3G auction and the rolling out of broadband wireless Internet services in the country. But with the agressive bidding in few circles, the government is poised to get more than the estimated amount from the 3G auction alone.

At the end of the 25th day of the auction, which began on April 9, the provisional winning price for a pan-India 3G licence stood at Rs 12,850.66 crore ($2.82 billion), up around 267 percent from the Rs 3,500 crore reserve price.

Slots for three-four players are available in each of the 22 circles into which the country has been geographically divided for the 3G services, which will facilitate faster connectivity and enable applications such as Internet TV, video-on-demand, audio-video calls and high-speed data exchange.

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