India intends to hold another 2G auction by March 31
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)
- Tweet this
- Share this
- Digg this
- Billionaire investor Icahn steps up pressure on Apple
- UPDATE 3-Actor Walker died from multiple injuries in crash, 'Fast 7' filming halted
- UPDATE 4-German minister snubs Ukraine leaders on Kiev visit
- UPDATE 8-Soccer-English premier league top scorers
- Actor Walker died from multiple injuries in crash, 'Fast 7' filming halted |
Markets & Politics
The BSE Sensex rose as much as 2.2 percent on Thursday to approach a record high after exit polls predicted a strong showing for the key opposition party in state elections held since November. Full Article