Tag: Auction Bidding

Unsuccessful bidder with cancelled 2G permits to cease operation immediately

As a major setback on 2G spectrum allocation, the Supreme Court has allowed to operate only those telecom operators who successful in availing fresh 2G auction in November from among those that lost licences last year, reports said. Read more

2G Spectrum Flopped, Where are those Rs 1.76 lakh crore?, Sibal asks

Telecom Minister Kapil Sibal 150x150 2G Spectrum Flopped, Where are those Rs 1.76 lakh crore?, Sibal asksDenied to comment over CAG’s estimated loss figure of Rs 1.76 lakh crore for the “shuttering” of the spectrum in telecom sector on first-come-first-serve service in 2008, the Indian government announced to set next spectrum auctions bids by March-end.

This time auction would be followed for those telecom areas which have not come in this week’s worset flop event of telecom mobile spectrum, such as Delhi and Mumbai  and price will be decided very soon by  an Empowered Group of Ministers (EGoM). Read more

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