BSNL, MTNL won't participate in spectrum auction
   
Quotes

BSNL, MTNL won't participate in spectrum auction

Last Updated: Friday, October 19, 2012, 00:20
 
 Comment 0
 
BSNL, MTNL won't participate in spectrum auction
New Delhi: State-owned telecom firms MTNL and BSNL Thursday said they will not participate in the spectrum auction to be held in November.

"No, we are not taking part," BSNL CMD R K Upadhyay told PTI.

MTNL Chairman and Managing Director AK Garg said the company is not participating in the auction. "We have requisite spectrum with us," he added.

They were responding to queries whether the companies were looking at participating in the auction as October 19 is the last date for submitting application for participating in the spectrum sale.

The state-run telecom companies' will be absent even as new entrants as well as existing telecom operators are expected to participate in the auction in order to get additional spectrum for offering services.

The government will auction airwaves, freed from cancellation of 122 2G licences by the Supreme Court, in the 1800 MHz band starting November 12.

A base price of Rs 14,000 crore for 5 MHz of pan-India spectrum has been fixed, which is more than seven times than what carriers paid in earlier sales where airwaves were bundled with telecom permits.

Cash-strapped BSNL and MTNL have already approached the Department of Telecommunications in the past for surrendering Broadband Wireless Access (BWA) spectrum.

PTI


First Published: Friday, October 19, 2012, 00:20


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved