Phase III auctions: Mumbai provisional winning price reaches Rs 114.66 crore

The battle for Mumbai’s 2 frequencies continues with the city seeing provisional winning price go up to Rs 114.66 crore as it received 2 new bids on Day 16

by Abhinn Shreshtha
Published - Aug 18, 2015 8:01 AM Updated: Aug 18, 2015 8:01 AM
Phase III auctions: Mumbai provisional winning price reaches Rs 114.66 crore

The battle for Mumbai’s 2 frequencies continues with the city seeing provisional winning price go up to Rs 114.66 crore as it received 2 new bids on Day 16. 64 rounds of bidding have now been completed.

Delhi saw no new bid today and its provisional winning price remains at Rs 169 crore. Bangalore, too, saw no active bids at close and now the provisional winning price for the city stands at Rs 109 crore (approx).

Chandigarh has been seeing some interest as of late but yesterday was different as the city saw no new bids. It’s provisional winning price remains at Rs 19.04 crore. Chennai also sees its provisional winning price remain at Rs 53.38 crore.

Gorakhpur has 2 bids for its 3 frequencies with the provisional winning price at Rs 31 lakh. Shillong too saw 2 bids for its 2 frequencies with the provisional winning price at Rs 18.80 lakh. Jaipur saw no new bids after some interest previously as was the case with other cities like Kanpur.

Kolhapur saw one bid with the highest bid amount at Rs 8.71 crore. Pune saw 1 new bid which takes its provisional winning price to just over Rs 42 crore.

Patna had 2 bids for its 3 frequencies, while Lucknow had 1 bid for its 3 frequencies.

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