The auction of Albania’s third 3G concession has failed after the two bids entered fell short of the asking price. According to local news source Balkan Web, the nation’s two existing cellcos currently without 3G licences, Eagle Mobile and PLUS Communications, were the only bidders for the licence. Eagle entered the higher amount, bidding EUR3.55 million (USD4.77 million) whilst PLUS bid EUR2.2 million. However the bids were far below the minimum acceptable price of EUR12.5 million and were disqualified. The nation’s telecom watchdog, the Electronic and Postal Communications Authority (AKEP), is expected to make a second attempt to auction the concession in the near future.