India Plans Another Radio Spectrum Auction Next March
Published on: 16th Nov 2012
Note -- this news article is more than a year old.
By: Ian Mansfield
Following the lacklustre results of the GSM spectrum auction the Indian government plans to have an another attempt at selling off the unsold lots next March the telecommunications minister Kapil Sibal has confirmed.
Four license areas (circles) did not receive any bids, including the two most valuable slots in Mumbai and Delhi.
In order to shore up government finances, the Ministry plans to take a second shot at selling the licenses before the end of the financial year, in March.
An Empowered Group of Ministers (EGoM) "will be meeting soon" to decide on the next course of action, he said.
The sale of the CDMA spectrum is also still to be arranged, after all the bidders dropped out of the previous attempt citing the high reserve fees.