After 32 days, which saw 125 rounds of bidding the first stage of the FM Phase III auctions finally came to an end today. Delhi remained the most expensive city with Rs 169 crore as the winning bid followed by Mumbai with Rs 122 crore.
According to sources, the winning bidders will now be invited by the MIB for the frequency allocation phase, which is set to take place tomorrow. In this stage, the operators with successful bids will get a chance to choose frequencies in their respective cities with the highest bidder getting the first choice in cities with multiple frequencies.
The results of the auctions are expected to be declared once this process is over.
Among other cities, the most prominent were Ahmedabad, which has a winning bid of Rs 42.68 crore, Bhubhaneshwar with Rs 7.40 crore and Bangalore with Rs 109 crore.
In the North-east region, Guwahati had a winning bid of Rs 4.11 crore. Chandigarh had a winning bid of Rs 19.04 crore. Chennai had a winning bid of Rs 53 crore while Hyderabad had a winning bid of Rs 18 crore. Pune had winning bid of Rs 42.03 crore while Udaipur had a winning bid of Rs 1.09 crore. Jaipur was also in demand and saw a winning price of Rs 28.34 crore.