Spectrum auction ends in just 2 days with bids worth Rs 11,340 crore

An auction of radiowaves that carry voice and data signals for mobile phones ended within two days on Wednesday, garnering less than 12 per cent of the Rs 96,238 crore minimum value that the government had estimated for the spectrum on offer.

The auction, where a total of 10 GHz of spectrum ranging between 800 MHz to 26 GHz was offered, got total bids worth Rs 11,340 crore, sources with knowledge of the matter said.