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
- Wal-Mart and allies in face-off with Apple Pay over mobile payments
- Hundreds of Iraqi tribesmen opposed to Islamic State found in mass graves
- India's universal healthcare rollout to cost $26 billion
- PM Modi boots officials out of the first class cabin
- Sensex, Nifty hit record highs, shrug off Fed's hawkish tone
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article