The ten days spectrum ( 900 MHz and 1800 MHZ) auction which ended today, 12th February has made the government richer by Rs.61,162 crores. The bidding was aggressive and saw one of the most competitive auction.
As per the auction condition, the payments can be made in instalments. Accordingly, the government is expected to get about Rs.16,000 crores this year. The budget estimate for this year was only Rs. 11,343 crore.
The private companies may try to increase the charges on the plea of higher value of spectrum, but this can not be accepted. There should be no increase in the charges.