3G bidding comes to an end

Interesting results.
* Auction completed after 34 days
* No pan-India winner
* Airtel is a winner in 13 of the 22 circles on offer. Big misses - Kolkata, Maharashtra, Gujarat
* Vodafone a winner in only 9 circles. Big wins - Andhra Pradesh, Karnataka
* Surprisingly large wins by Reliance, Aircel & Idea.
* Total accrual to Govt. US$11.3 bn

Winners:

Operator-wise:

* Bharti Airtel (13) - Delhi, Mumbai, Andhra Pradesh, Karnataka, Tamil Nadu, UP (W), Rajasthan, West Bengal, Himachal Pradesh, Bihar, Assam, North East, J&K
* Reliance (13) - Delhi, Mumbai, Kolkata, Punjab, Rajasthan, Madhya Pradesh, West Bengal, Himachal Pradesh, Bihar, Orissa, Assam, North East, J&K
* Aircel (13) - Andhra Pradesh, Karnataka, Tamil Nadu, Kolkata, Kerala, Punjab, UP (E), West Bengal, Bihar, Orissa, Assam, North East, J&K
* Idea (11) - Maharashtra, Gujarat, Andhra Pradesh, Kerala, Punjab, Haryana, UP (E), UP (W), Madhya Pradesh, Himachal Pradesh, J&K
* Vodafone (9) - Delhi, Mumbai, Kolkata, Maharashtra, Gujarat, Tamil Nadu, Haryana, UP (E), West Bengal
* Tata (9) - Maharashtra, Gujarat, Karnataka, Kerala, Punjab, Haryana, UP (W), Rajasthan, Madhya Pradesh
* Stel (3) - Himachal Pradesh, Bihar, Orissa

Circle-wise:
* Delhi - Vodafone, Airtel, Reliance
* Mumbai - Reliance, Vodafone, Airtel
* Kolkata - Vodafone, Aircel, Reliance
* Andhra Pradesh - Airtel, Idea, Aircel
* Assam - Reliance, Airtel, Aircel
* Bihar - STel, Airtel, Reliance, Aircel
* Gujarat - Tata, Vodafone, Idea
* Haryana - Idea, Tata, Vodafone
* Himachal Pradesh - Airtel, STel, Idea, Reliance
* J&K - Idea, Aircel, Reliance, Airtel
* Karnataka - Tata, Aircel, Airtel
* Kerala - Idea, Tata, Aircel
* Madhya Pradesh - Idea, Reliance, Tata
* Maharashtra - Tata, Idea, Vodafone
* North East - Aircel, Airtel, Reliance
* Orissa - STel, Aircel, Reliance
* Punjab - Idea, Reliance, Tata, Aircel
* Rajasthan - Reliance, Airtel, Tata
* Tamil Nadu - Airtel, Vodafone, Aircel
* UP (E) - Aircel, Idea, Vodafone
* UP (W) - Airtel, Idea, Tata
* West Bengal - Airtel, Reliance, Vodafone, Aircel

Payouts

Operator-wise

* Vodafone (9) - US$ 2.6 bn
* Bharti Airtel (13) - US$2.7 bn
* Reliance (13) - US$ 1.9 bn
* Aircel (13) - US$ 1.4 bn
* Idea (11) - US$1.3 bn
* Tata (9) - US$ 1.3 bn
* Stel (3) - US$ 0.08 bn

Circle-wise

* Delhi - US$ 0.74 bn
* Mumbai - US$ 0.72 bn
* Kolkata - US$ 0.12 bn
* Andhra Pradesh - US$ 0.31 bn
* Assam - US$ 0.01 bn
* Bihar - US$ 0.05 bn
* Gujarat - US$ 0.24 bn
* Haryana - US$ 0.05 bn
* Himachal Pradesh - US$ 0.01 bn
* J&K - US$ 0.01 bn
* Karnataka - US$ 0.35 bn
* Kerala - US$ 0.07 bn
* Madhya Pradesh - US$ 0.06 bn
* Maharashtra - US$ 0.28 bn
* North East - US$0.01 bn
* Orissa - US$ 0.02 bn
* Punjab - US$ 0.07 bn
* Rajasthan - US$ 0.07 bn
* Tamil Nadu - US$ 0.33 bn
* UP (E) - US$ 0.08 bn
* UP (W) - US$ 0.11 bn
* West Bengal - US$ 0.03 bn

Network Infrastructure Costs

In my opinion, ~US$750 Mn for 9-10 key circles as it involves new radio, new switching and back-end data infrastructure and transmission/backhaul upgrade
data from: www.navdeep-manaktala.com