No delay to 3G telecom auction

27 Oct 2008

Reuters is reporting that India will not delay its planned auction of 3G wireless spectrum because of the global financial crisis. A spokesperson for the Department of Telecommunications (DoT), Akshay Rout, said: ‘We are sticking to our schedule. As has been told before, the auction process should finish by 15 January 2009’. In August, the government outlined guidelines for a global auction of radio spectrum for 3G wireless services to be held by December, from which it hopes to raise up to INR400 billion rupees (USD8 billion). Reports in the international press over the weekend suggested that Vodafone, owner of the country’s third largest cellco Vodafone Essar, had requested the auction be delayed until early 2009 because of the financial crisis.

India, Vodafone India