This was lower than Telecom Department's projection of Rs 34,586 cr
The govt will receive Rs 65,789.12 cr from spectrum sale over a period, but will get just Rs 32,000 cr in the current financial year
Mock auction started around 10:30 am and ended at 7 pm. Telcos placed their bids from their offices
7 operators submit just Rs 14,863 cr earnest money; only Jio shows interest in 700-MHz band
The total quantum of spectrum being put for auction includes about 197 Mhz of frequencies in 1800 Mhz band and 37.5 Mhz in 800 Mhz band (CDMA band)
Big 3 telcos not to bid for 700 Mhz band, putting at risk 74% of govt's estimated spectrum proceeds
Cabinet might consider a proposal to finalise the base price and auction terms for the upcoming sale of airwaves in 7 telecom spectrum bands
However, it said there would be a fiscal slippage as the deficit would be 4.1% of GDP against the targeted 3.9% due to lower growth of nominal GDP