According to Latest news about telecommunication sector in India, .The 3G spectrum is holding auction today to acquire the radio waves that could fetch the government up to Rs 35,000 crore, the has badly kicked off today with major telecom operators,
including Bhatia, Vodafone, RCom and Tatas, in the fray to .There are nine mobile operators in the fray. For offering 3G services, the government is auctioning three slots in 17 telecom service areas and four in the remaining five areas. The government has set base prices for all the 22 zones at Rs 3,500 crore and Rs 1,750 crore for BWA. Romal Shetty, head of telecom at KPMG India, said the 3G bidding will be intense because of fewer slots and probably it will be 1.5 to 1.8 times the reserve price.
The e-auction started at 9 am and will remain open till 7.30 pm every day till the process is complete. According to Sanjay Bhandarker. darkar, NM Rothschild (India) head, the bidding process would stop only when the highest bids have been detected for all the circles simultaneously.
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