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
- Google launches new email service dubbed "Inbox"
- Canada's parliament attacked, soldier fatally shot nearby
- Attack on parliament, killing of soldier stun Canada's capital
- China's Xiaomi shifts some smartphone user data out of Beijing on privacy concerns
- Lax security in focus after attack at Canada's parliament
India could allow commercial coal mining by foreign companies if they set up units in the country, opening the door for global giants like Rio Tinto to access the world's fifth largest coal reserves, a source familiar with the matter said. Full Article