The date for India’s 3G and WiMax auction is now rescheduled to December, as per the latest updates.
The auction was early scheduled for January 2009, but has been regularly postponed and delayed due to several disagreements. The bid has faced various disagreements within the government on the minimum cost of license.
The minimum revenue for the auction is now settled at INR 250 billion.
It is expected that now after the revised dates, bidding for 3G licenses will start Dec 7. The auction for WiMax will then start after two days of completion of 3G bid. The bid is open both for Indian and foreign telecom operators; conditionally foreign operators run joint ventures with Indian investors to run services.
The details for the auction reveal that four slots will be put to auction for 22 service areas and the remaining one slot will be reserved for Indian Government run Telecom Companies.
The final date for applications from telecom bidders is November 13.
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