3G auction to be completed by mid-January

Reuters
Posted: 2008-10-27 11:50:16+05:30 IST
Updated: Oct 27, 2008 at 1150 hrs IST

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New Delhi, October 27: : India will not delay its planned multi-bilion dollar auction of next-generation wireless spectrum because of the global financial crisis, a telecom ministry spokesman said on Monday.

"We are sticking to our schedule. As has been told before, the auction process should finish by Jan. 15," said Akshay Rout, additional director general at India's telecoms ministry.

In August, the government outlined guidelines for a global auction of radio spectrum for third-and fourth-generation (3G and 4G) wireless services to be held by December, from which it hoped to raise up to 400 billion rupees.

Media reports said Vodafone, whose unit is India's third-largest mobile operator, had requested the auction be delayed until early 2009 because of the financial crisis.

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3G auction to be completed by mid-January

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