Thursday, May 20, 2010

3G auctions end, Govt to get around Rs 70,000 cr

 

 Source :Moneycontrol:May 19, 2010 16:58 PM

The 3G auction had commenced on 9 April, 2010 and there were nine bidders in the fray for the slots of 3G spectrum on the block. 

The government auctioned three slots in 17 telecom service areas and four slots in the remaining five states of Punjab, Bihar, Orissa, Jammu and Kashmir and Himachal Pradesh.

Nine leading mobile operators, including Bharti Airtel, Vodafone, Reliance Communication, Tata Teleservice, are figthing to grab spectrum. The government is selling three blocks of spectrum in most of the states with four slots in five states of Punjab, Bihar, Orissa, Jammu and Kashmir and Himachal Pradesh.

The bid price for Mumbai and Delhi is close to other over Rs 2,700 crore as against the reserve prices of Rs 320 crore for each circle.

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