New Delhi:(India) The much awaited auction for allocation of 3G spectrum kicked off on Friday, with six major telecom firms in the simultaneous online race for three pan-India slots across 22 telecom circles. The exercise is likely to raise at least Rs 30,000 crore for the government and bring high-speed internet, video streaming, television and other next generation services to mobile subscribers.
Apart from the six players, there are three other operators bidding for fewer slots. The bidding activity on day one, which began at a reserve price of Rs 3,500 crore for pan-India 3G spectrum, saw a 13.71% jump to close at Rs 3,980 crore.
This effectively means the auction has already yielded revenues of Rs 15,920 crore, when multiplied by four players — since public sector players BSNL/MTNL, who have already been awarded 3G spectrum and have launched their services, will also have to pay the closing auction price.
What’s In It For You?
Better voice facilities, higher data speed, customized infotainment (like gaming and movies), video conference, video on demand, online multi-tasking
3G-enabled phones are already sold in India, starting at Rs 5,000. But if you don’t have one, you’ll have to change it to get 3G service
Existing services like voice and SMS may be priced at present levels. New services will be priced after launch
Saturday, April 10, 2010
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