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Tata Tele, Aircel Can’t Bid For New Airwaves; Can Top Up Existing Holdings: DoT

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Tata Teleservices and Aircel the only two telcos that have declared a negative net worth for next month’s spectrum auctions are allowed to only top up their existing holdings and can’t bid for new airwaves, the telecom department has said.

A senior official of the department of telecommunications explained to ET that the auction rules require an operator to have a net worth of at least Rs 100 crore to make it eligible to either expand its geographical coverage or buy airwaves in a new band in circles where it holds spectrum.

The department of telecommunications said late Tuesday that Aircel cannot bid for airwave bands that it doesn’t already have in a particular circle. Original post at ET Telecom
http://telecom.economictimes.indiatimes.com/news/industry/tata-teleservices-aircel-cant-bid-for-new-airwaves-can-top-up-existing-holdings-telecom-department/46364147

Wahengbam Rorrkychand

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

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