Auction for BWA to begin on Monday | india | Hindustan Times
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Auction for BWA to begin on Monday

india Updated: May 21, 2010 23:25 IST
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The auction of airwaves for broadband wireless access (BWA) services, which was scheduled to start on Saturday, will now begin on Monday, an official from the Department of Telecommunications (DoT) said Friday.

“The government today (Friday) approved the results of 3G auction. The auction for BWA will begin Monday,” the official told IANS.

As many as 11 companies — Bharti Airtel, Reliance WiMax, Idea Cellular, Aircel, Augere Mauritius Ltd, Infotel Broadband Services, Qualcomm, Spice Internet Service Provider, Tata Communications Internet Services, Tikona Digital Networks and Vodafone Essar — will participate in the BWA auction. The government has set Rs 1,750 crore as the base price for a BWA slot.

Investment bank Rothschild and telecom auction services provider dot.econ are advising the government on the auction.

The DoT says the aim of the auction is to award spectrum transparently and fairly to generate revenue for the public purse, ensuring effective competition and getting a market-determined price for the spectrum. The auction to award spectrum for 3G telecom services concluded Wednesday, fetching Rs.67,718.95 crore ($15 billion) to the state exchequer.