India intends to hold another 2G auction by March 31

MUMBAI Fri Nov 16, 2012 2:49pm IST

Telecoms Minister Kapil Sibal gestures during a news conference in New Delhi April 11, 2011. REUTERS/Adnan Abidi/Files

Telecoms Minister Kapil Sibal gestures during a news conference in New Delhi April 11, 2011.

Credit: Reuters/Adnan Abidi/Files

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MUMBAI (Reuters) - The government intends to hold an auction of mobile phone airwaves that were left unsold at a sale this week before March 31, the telecommunications minister, Kapil Sibal, said on Friday.

Four telecom zones, including the expensive Delhi and Mumbai circles, saw no demand in an auction that ended on Wednesday, raising less than a quarter of the government's 400 billion rupees target.

The government was also left with no bidders in the CDMA (Code Division Multiple Access) part of the auction after Tata Teleservices and Videocon Telecommunications dropped their interest.

The decision on the fresh auction will be taken by a panel of ministers, Sibal told reporters.

(Reporting by Aradhana Aravindan; Editing by Jijo Jacob)

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Comments (1)
sundaramvi wrote:
Kabil Sibil is no quitter and Future auction may get better response when the fear of loosing and suspicion about govt move goes away..

Nov 16, 2012 3:44pm IST  --  Report as abuse
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