3G Auction Details Announced – Bid starts at Rs. 3,500 crore

After much dilly-dallying, government has finally fixed the 3G spectrum bid price to Rs. 3,500 crore (earlier it was fixed at Rs. 4,040 crore). Earlier, there was a hue and cry raised by operators over WiMAX spectrum pricing – WiMAX base price, earlier as suggested by DoT was Rs. 1,000 crore and operators wanted 3G base price to be in the same range (WiMAX base price has now being increased to Rs. 1,750 crore (source)) The EGOM (empowered group of ministers) has decided that a total of 5 players will be allowed to offer 3G services in every circle, of which one slot will be reserved for state-owned telcos BSNL & MTNL. 3G auction, as mentioned by government will be completed in 90 days and government is expecting Rs. 25,000 crore from these auction. So finally, things seem to move in some direction (did you know that Indian government lost $16Bn because of 3G auction delay?) Recommended Read: