The government had raised Rs 67,719 crore from 3G spectrum auction.
With a windfall of over Rs 70,000 crore, the government will be in a position to improve the fiscal deficit for the current financial year.
As many as 11 companies, including Bharti Airtel, Reliance, Idea Cellular, Aircel, Vodafone and Tata Communications Internet Services, participated in the auction for Broadband Wireless Access spectrum.
BWA spectrum enables high-speed Internet access as well as Internet telephony and TV services. It can also be used for voice and high-speed data services.