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Limited 3G Auction Raises Fear of Fierce Bidding

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The government’s decision to limit the auction of third generation spectrum to just one block of 5 Mhz has exacerbated the telecom industry’s fear of fierce bidding, which could worsen the sector’s already-high debt position by inflating it beyond Rs 3 lakh crore.

“Lack of 900 Mhz frequency was already a matter of concern, now artificially limiting the supply of 3G spectrum might result in high auction proceeds but it will hurt the industry,” Rajan Mathews, directorgeneral of Cellular Operators Association of India (COAI), toldET. Original post at ET Telecom

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Wahengbam Rorrkychand

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