Bids in spectrum auction cross Rs1.5 lakh crore

Kolkata: Bids for 5G airwaves crossed the Rs 1.5 lakh-crore mark on the sixth day of the spectrum auction, with the government netting Rs 163 crore more on Sunday. Action was focused on the key Uttar Pradesh (East) market, where the competition heated up again, after a day’s lull, for the 1800 MHz band.

The government’s total collections rose to Rs 1,50,130 crore at end of day 6, with bidding set to resume on Monday with round 38.

The per unit price of 1800 MHz spectrum in Uttar Pradesh (East) circle jumped to Rs 160.57 crore — now almost 76.5% higher than its Rs 91 crore per MHz base price.