Sunday, April 18, 2010

Pan-India 3G license bidding price rose 63%

It looks like the bid for pan-Indian 3G network is becoming very intensive. The bidding started on April 9, 2010 with a starting price of Rs.35 billion. Till April 17, 2010, forty rounds of bidding had been completed by the Department of Telecommunications. On the seventh day, the bidding price of Pan-Indian 3G license observed an astounding 63% rise to Rs. 5,710.36 crore making the amount of total revenue to Rs.22,841.44 crore.

The auction process for 3G and Broadband Wireless Access (BWA) started back in August 2008. Over time, the government revised its various rules and regulations and revised the auction time table. You can find all the detailed process of the bidding on the website of Dept. of Telecom.

You will also get details of the last seven days on this link:

Bidders for the 3G auction are: Aircel Ltd.; Bharti Airtel Ltd.; Etisalat DB Telecom Pvt. Ltd.; Idea Cellular Ltd.; Reliance Telecom Ltd; S Tel Pvt. Ltd.; Tata Teleservices Ltd.; Videocon Telecommunications Ltd.; and Vodafone Essar Ltd. BSNL and MTNL received spectrum outside auction process.

The entire bidding has been going on Internet and it will continue for two weeks.

Related articles:

The Economic Times

No comments:

Post a Comment