Reliance Communications is looking forward to participate in the 3G auction slated for next year, company chairman Anil Ambani said Tuesday.
The company has planned an investment of Rs 2,000 crore to Rs 4,000 crore on 3G services, he said.
Ambani also said the company would participate in the auction for spectrum on a nationwide basis and not restrict to a few circles.
Showing posts with label auction. Show all posts
Showing posts with label auction. Show all posts
Tuesday, December 30, 2008
India delays 3G spectrum auction
The Government of India has further postponed the auction of the much-awaited 3G spectrum in the country taking into consideration the concern of the prospective applicant companies, say reports.
According to a report, the last date of receiving application has been extended to January 20 from January 5. Though the auction was supposed to take place before December 31, it was later postponed to January 16.
Earlier there were reports that the auction would be delayed as the Department of Telecom has not received the Cabinet's approval on vital proposals relating to the services.
Also it was said that the Defence Ministry, which holds the spectrum, may not be able to vacate the same before the auction date.
According to a report, the last date of receiving application has been extended to January 20 from January 5. Though the auction was supposed to take place before December 31, it was later postponed to January 16.
Earlier there were reports that the auction would be delayed as the Department of Telecom has not received the Cabinet's approval on vital proposals relating to the services.
Also it was said that the Defence Ministry, which holds the spectrum, may not be able to vacate the same before the auction date.
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