India’s auction of 3G spectrum is still going with bids for nationwide spectrum now reaching US$3.5bn.
May 15 represented the 31st day of the auction, which now looks set to surpass expectations, with the government standing to earn more than…
India’s auction of 3G spectrum is still going with bids for nationwide spectrum now reaching US$3.5bn.
May 15 represented the 31st day of the auction, which now looks set to surpass expectations, with the government standing to earn more than US$14bn.
Bharti Airtel, Reliance Communications, Vodafone and Tata DoCoMo are all bidding for spectrum. The process is expected to end very soon.
TelecomFinance sources have questioned the rationale behind paying such a full price for the spectrum as the return on investment is unclear.
