Tag: 3g auction
A meeting of the Cabinet Committee, that has been constituted by the Prime Minister for discussing details related to the sale and purchase of 3G spectrum to Etisalat met in Islamabad on Friday with Minister for Finance and Economic Affairs, Dr. Abdul Hafeez Sheikh for discussion of several important topics related to China Mobile LDI [...]
The Indian government opened the bid for the upcoming 3G spectrum (radio bandwidth) auction in the country. The floor price for the 3G auction is set at INR35 billion (US$716 million) per operator, which may yield more than INR 250 billion (US$5 billion) from the spectrum sale. Additionally, the government also set INR17.5 billion (US$360 million) as the bid for the WiMAX (a high speed mobile technology) spectrum auction.
The impending spectrum auction, which was initially scheduled to take place in late 2008, was delayed due to disputes between the government and the telecom regulator regarding the spectrum pricing structure. In order to expedite the 3G license auction process, the country’s telecom department finally decided to increase the starting bid from the initially set price of INR20.2 billion (US$415 million).