The 3G spectrum auctions have finally concluded after 34 days and 183 rounds of aggressive bidding

The 3G spectrum auctions have finally concluded after 34 days and 183 rounds of aggressive bidding. The government, which was expecting to garner Rs 350 billion-Rs 400 billion to meet its fiscal deficit, will now rake in revenues worth Rs 677.19 billion from the sale of 3G spectrum. No single operator has managed to win a pan-Indian 3G spectrum licence. Bharti Airtel, Vodafone Essar and Reliance Communications (RCOM) have managed to win the coveted spectrum in the lucrative circles of Delhi and Mumbai at bids worth Rs 33.16 billion and Rs 32.47 billion respectively.