BackBids for one all-India 3G licence reach $2.65 bn
Bids for one all-India 3G licence reach $2.65 bn
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New Delhi: Bids for one set of nationwide third-generation (3G) mobile spectrum licences in India reached Rs12069 crore ($2.65 billion) on the 24th day of an auction, government data showed on Friday.
As of Friday, 137 rounds of bidding had been completed, the Department of Telecommunications (DoT) said on its website.
Bidding for the spectrum, which would allow firms to offer high-speed Internet and other premium services such as video calling on mobile phone, started on 9 April and is expected to wind up in coming days.
The base price for one set of pan-India licences was set at Rs3500 crore.
The government will sell four such licences — three from the auction and one set to state-run telecoms firms which would have to match the highest bid price paid by the private operators.
Nine mobile operators, including Bharti Airtel, Reliance Communications and Vodafone’s Indian unit, are participating in the auction.
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