Foreign cos may be allowed to bid for spectrum alone
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Foreign cos may be allowed to bid for spectrum alone

Last Updated: Thursday, September 06, 2012, 21:56
 
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Foreign cos may be allowed to bid for spectrum alone
New Delhi: The government may allow foreign companies to bid for spectrum auction scheduled in November and form their Indian venture later, as against the present norm of setting up JV before participation in auction.

"Some people have asked that foreign companies should be allowed to participate and form their Indian venture later. At the time of 3G auction, this was allowed. We are trying, based on the demand, and if required we may do it," Member (Finance) at Department of Telecom Sadhna Dikshit said Thursday.

She was speaking on the sidelines of a pre-bid conference for spectrum auction organised by DoT.

As per the present norm, foreign firms are allowed to bid for spectrum in the auction that is due in November but they will have to form their Indian venture before participating in auction.

Dikshit also said that the new licences guidelines, which are in pipeline, will be issued before September 28.

Representatives from Reliance Industries' arm Infotel Broadband, Loop Telecom, Bharti Airtel, Reliance Communications, Vodafone, Idea Cellular, Uninor, Tata Teleservices, Sistema Shyam, Etisalat DB, among others, participated in the conference.

The representative raised queries on interest rate that will be charged to companies for financing spectrum auction, re-allocation of same spectrum held by telecom companies whose licences have been cancelled, top-up spectrum, inter-circle roaming agreement among others.

DoT officials took note of the queries and assured to respond to all queries by September 14.

On interest that will charged to telecom companies for financing final auction amount, Dikshit said DoT will finalise it before issuing Notice Inviting Application -- final document that will carry details of spectrum auction.

Several other queries were raised on design of e-auction of spectrum and industry players asked for detailed clarification and correction in the proposed design of software.

DoT will hold another round of meeting with stakeholder in two to three days after responding to queries that were raised at pre-bid conference.

PTI


First Published: Thursday, September 06, 2012, 21:56


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