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India Confirms 25 February Spectrum Auction

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India’s Department of Telecommunications (DoT) on Friday confirmed 25 February as the start date for its latest spectrum auction, a process from which it hopes to raise as much as 648.4 billion rupees (€8.6 billion).

The government has published a notice inviting application (NIA) calling on potential bidders to signal their interest no later than 6 February. A final list of qualified applicants is due to be published on 20 February, which will be followed by a mock auction on 23-24 February. Bidding proper is scheduled to get underway the following day.

Once the dust settles, winning bidders will have 10 calendar days to pay up. Applicants that opt for deferred payment will need to pay 33% of the final bid amount in the case of 1800-MHz spectrum, and 25% in the case of 800-MHz and 900-MHz. Original post at Totaltele.com

Wahengbam Rorrkychand

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Website: http://www.blog.tonsetelecom.com

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