All-India 3G spectrum bids reach $2.82b in state auction
Monday, 10 May 2010
NEW DELHI, May 9 (Bloomberg): Bids for an all-India license to offer faster wireless services reached 128.5 billion rupees ($2.8 billion) on the 25th day of an auction, according to a statement on the department of telecommunication's website yesterday.
Nine mobile-phone carriers including Vodafone Group Plc, the world's largest, and Bharti Airtel Ltd., India's biggest, are vying for the spectrum to offer third-generation services in the world's second-largest wireless market by subscribers.
The government is auctioning spectrum for operating 3G services in India's 22 designated telephone zones. It plans to sell 93 licenses to provide high-speed data to mobile phones and computers that may raise an estimated 500 billion rupees, helping reduce the nation's fiscal deficit.
The government issues daily updates on the bidding and all data collected from bidders will be made public after the auction is over.
Nine mobile-phone carriers including Vodafone Group Plc, the world's largest, and Bharti Airtel Ltd., India's biggest, are vying for the spectrum to offer third-generation services in the world's second-largest wireless market by subscribers.
The government is auctioning spectrum for operating 3G services in India's 22 designated telephone zones. It plans to sell 93 licenses to provide high-speed data to mobile phones and computers that may raise an estimated 500 billion rupees, helping reduce the nation's fiscal deficit.
The government issues daily updates on the bidding and all data collected from bidders will be made public after the auction is over.