India 3G auction price hits INR43.24bn
The bidding for radio bandwidth to offer third-generation mobile-telephony services across India reached 43.24 billion rupees ($973 million) for one slot, the Department of Telecommunications said on its Web site.
The starting price was INR35 billion. The bidding for one pan-India slot will start at INR43.99 billion when the auction resumes Tuesday, the DoT said.
The Western Indian province of Gujarat joined Delhi as one of the most sought-after service areas, attracting the highest price of INR4.16 billion, the DoT said.
Gujarat received five bids for the three available slots, Delhi received four bids for three slots. Starting price for both the service areas was INR3.20 billion.
Four service areas--West Bengal, Orissa, Assam, and Jammu and Kashmir--had no bids, even on what was the third day of the auction.
The Indian government is auctioning three slots of bandwidth to offer 3G services in each of 17 telecom service areas and four each in the remaining five areas. The successful bidders will be allowed to offer 3G services on a commercial basis from Sept. 1.
Nine local mobile phone operators, including top players Bharti Airtel Ltd., Reliance Communications Ltd., Vodafone Essar Ltd. and Idea Cellular Ltd., along with smaller rivals Tata Teleservices Ltd. and Aircel Ltd., are bidding for 3G bandwidth.
Источник: Total Telecom
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