Millennium Post

Telecom biggies apply for spectrum bid process

Telecom biggies apply for spectrum bid process
Airtel, Vodafone, Videocon and Tata Teleservices are among the telecom operators who applied on Friday to bid in the upcoming spectrum auction, but Reliance Industries and Russia's Sistema surprised by staying away.

Billionaire Mukesh Ambani-run RIL, sitting on a cash-pile of Rs 79,159 crore, was widely anticipated to bid in the November auction of airwaves to complement its wireless broadband services with voice call facility. But RIL, like Anil Ambani-controlled Reliance Communications, has not submitted application to participate in the bidding, according to sources. The deadline for submission of applications ended Friday evening.

Videocon Industries, which had in 2008 got pan-India 2G or second-generation spectrum for Rs 1,658 crore, has submitted applications to bid for both GSM and CDMA technologies.It is being intensely speculated that Videocon may join hands with RIL after the auction with firm’s Chairman Venugopal Dhoot confirming his group’s ‘friendship’ with the Mukesh Ambani-run firm and not ruling out any future possibility.

RIL had not bid for BWA spectrum in 2010 but later went on to acquire Infotel Broadband which had won a pan-India spectrum for offering high-speed Internet services.
PTI

PTI

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