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3G bids doubles from base on 11th auction day

3G bids doubles from base on 11th auction day
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First Published: Fri, Apr 23 2010. 10 51 AM IST
Updated: Fri, Apr 23 2010. 10 51 AM IST
Mumbai: Bids for a nationwide third-generation (3G) mobile spectrum licences in India doubled above the base price to Rs69.68 billion ($1.6 billion) on the eleventh day of an auction, government data showed on Thursday.
Sixty-four rounds of bidding had been completed by Thursday, the Department of Telecommunications said on its website.
Nine mobile operators, including Bharti Airtel, Reliance Communications and Vodafone’s Indian unit, are participating in the auction.
The auction, which began on 9 April, may take about two weeks to complete, government officials have said.
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First Published: Fri, Apr 23 2010. 10 51 AM IST