Indian 3G auction closes, seven of nine bidders grab concessions

The oft-delayed sale of Indian 3G spectrum on Thursday, 20 May 2010 has finally been concluded, the Department of Telecommunications (DoT) has announced, revealing that the auction raised more than double the expected amount for the government. After 34 days of bidding, seven of the nine operators that had successfully applied to take part in the sale process came away with 3G licences, although no single operator was able to lay claim to a pan-India concession, with the most that any cellco managed to win being frequencies in 13 of the country’s 22 telecoms circles. Know More...