DoT to hold 3G pre-bid meet on Tuesday

DoT to hold 3G pre-bid meet on Tuesday
PTI
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First Published: Mon, Dec 22 2008. 06 44 PM IST
Updated: Mon, Dec 22 2008. 06 44 PM IST
New Delhi: The department of telecom (DoT) will hold the pre-bid conference with the prospective private bidders on Tuesday for providing clarifications and details about the online 3G auction, the first ever in the country, slated for 16 January.
DoT member (finance) R Ashok will preside over a day-long session on Tuesday with the possible bidders in which he will give them details on auction rules, spectrum, qualification criteria, payment mode, process among others.
The consultant to the government on 3G spectrum auction, N M Rothschild, will also make its presentation to the bidders.
Other senior officials, who will attend the meet, include joint secretary, joint wireless advisor, senior DDGs and officials from finance ministry, department of information technology and department of industrial policy and promotion (DIPP), ministry of commerce.
The pre-bid meet is crucial from the point of view that for the first time in India’s telecom sector, 3G spectrum will be auctioned. The all-India reserve price for a 3G spectrum is Rs2,020 crore.
According to an information memorandum, DoT will start accepting applications from 26 December with the final submissions to enter the auction being due till 5 January.
The list of shortlisted bidders will be announced on 9 January followed by a “mock-auction” to test the systems a few days later.
The two telecom public sector units (PSUs), BSNL and MTNL, will not participate in the meeting as they will not have to bid for the spectrum, they only have to pay the highest bidding amount in a circle.
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First Published: Mon, Dec 22 2008. 06 44 PM IST
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