3G Spectrum sale nets Rs. 67,710 crore for the government

3G Spectrum sale nets Rs. 67,710 crore for the governmentThe 3G mobile license spectrum auction has been completed on Wednesday. This is going to be a big bonanza for the UPA government. With this all the suspects and speculations have come to an end. This has been very exciting 34 days of the Indian telecom industry.

The revenue of the government has touched around Rs. 67,710 crore from this auction. This has been almost the twice of that the market experts had predicted and the government had expected. Anil Ambani's Reliance Communications has managed to get the highest number of circles in India followed by Bharti.

RCom has 13 circles while Bharti Airtel and Idea have 12 and 11 telecom circles respectively. Tata and Vodafone have 9 circles each. This data has been released by the Department of Telecom (DoT) after the completion of the auction. Bharti, Vodafone and RCom will have major Mumbai and Delhi circles. Moreover, the pan-India bid stood at Rs. 16,750.58 crore but none of the firm has managed to get the pan-India license for 3G mobile services. Now the auction for BWA spectrum will begin and the revenue is expected to go further.