New Delhi, March 12 (IANS): The government had received commitments totalling more than Rs.100,000 crore from telecom operators as the eighth day of bidding in e-auctions of radio frequency spectrum concluded on Thursday.

The total commitments from the 49 rounds so far after eight days of aggressive bidding totalled Rs.102,057 crore, an official source said. Day Eight of bidding witnessed six rounds.

The seventh day (Wednesday) saw total bids worth Rs.96,000 crore after 43 rounds.

The commitments come over and above the Rs.200,000 crore that India Inc has already bid under the two phases of auctions for award of coal blocks. But the proceeds from this auction will go to the respective state governments over 30 years.

The central government has budgeted for Rs.43,161.72 crore from e-auctions of spectrum, for the current fiscal, while the reserve price for the entire spectrum on offer in four bands, across India, was around Rs.80,000 crore.

The bids so far have well exceeded these numbers.