November 16, 2012 / 9:23 AM / 5 years ago

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.

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

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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