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Wednesday, October 31, 2012

Bharti Airtel, Idea, Vodafone pre-qualifiers for 2G auction

New Delhi: Telecom majors Bharti Airtel, Idea Cellular, Vodafone, Videocon Telecommunications and Telewings Communications are the pre-qualifiers for the auction of 2G spectrum in the 1800 Mhz band (GSM), the Department of Telecommunications (DoT) said today.

For the 800 Mhz band (CDMA), Tata Teleservices and Videocon are the pre-qualifiers.

Airtel has deposited Rs. 102.75 crore, Idea has deposited Rs. 1,306.75 crore, Vodafone Rs. 229 crore, Videocon Rs. 648 crore and Telewings Rs. 1,096 crore for the 1800 Mhz band. For 800 MHz band (CDMA), Tata Teleservices and Videocon have deposited over Rs. 22.5 crore and Rs. 220 crore, respectively.

Vodafone submitted applications for 17 circles in 1800 MHz band, while Bharti Airtel, Idea Cellular and Telenor bid in 5, 7 and 13 circles, respectively. Videocon has bid for 15 GSM and around 10 CDMA circles, while Tata Teleservices for the three circles it had lost its CDMA permits.

The 2G spectrum auction is to take place on November 12.

The final list of bidders will be announced on November 6. This will be followed by a mock auction on November 7 and 8 and thereafter the e-auction of 1,800 MHz band will take place on November 12.

The start of e-auction of 800 MHz band will happen two days after close of the 1,800 MHz band auction.

The payment of the successful bid amount will have to be done within 10 days of the close of the respective e-auctions, the DoT added.

Source:- NDTV

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