Four Rounds On, Response to 2G Auction Remains Muted
The keenly watched auction of telecom spectrum today got a lukewarm response with no company bidding for pan-India radiowaves as demand concentration was on select areas such as Gujarat and Uttar Pradesh (East).

Sources said at the end of the fourth round of auction, which started at 0900 hrs, that there were no bidders for key telecom circles -- Delhi, Mumbai, Rajasthan and Karnataka.

There was interest for spectrum for Uttar Pradesh (East) circle and Gujarat at the end of fourth round this afternoon, they added.

India is divided into 22 telecom circles. Companies can bid for circles that remain unsold in the initial rounds.

There was no application for pan-India spectrum, the base price for which was set at Rs 14,000 crore that the industry said was too high.

Sources said the auction has drawn scant interest so far as the base price for 5 MHz of GSM radiowaves or spectrum in all the 22 zones is more than seven times of what the companies paid in 2008.

Sunil Bharti Mittal, Chairman of Bharti Airtel, the nation's largest telecom company, had last week predicted that the auction would be over on first day itself because of the high base price.

Bharti Airtel, Vodafone, Idea Cellular, Telenor and Videocon are bidding for GSM, but there are no bidders for the CDMA spectrum after Tata Teleservcies and Videocon pulled out of the race.
Emerging story. Watch this space for updates as more details come in
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3/D-120
Nov 12, 2012
07:45 PM

Male unblocked, you're a stupid plonker - if the value of this spectrum is actually 1.76L Cr then a reserve price of 40K Cr doesn't matter.

Shubhang, Delhi
2/D-95
Nov 12, 2012
05:11 PM

Now, in order to 'prove' that Raja was innocent, the base price has been hiked SEVEN times, instad of holding a 'normal' auction!

This crooked government is hell-bent on heating the mangoes.

Male Unblocked, Chennai
1/D-69
Nov 12, 2012
02:31 PM

Where is that "Despot" CAG? 

Is he not ashamed of his professionalism? 

If he has any decency left in him, he should appologise to the Nation and resign. 

He has proved himself to be agent of BJP/RSS/NDA!

Kel Shorey, Glasgow
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