3G spectrum auction to be completed in next 1 or 2 days: Govt
The auction of third-generation (3G) spectrum is likely to be completed in next 1 or 2 days, Telecom Minister A Raja informed the Rajya Sabha on Thursday.business Updated: Apr 29, 2010 19:12 IST
The auction of third-generation (3G) spectrum is likely to be completed in next 1 or 2 days, Telecom Minister A Raja informed the Rajya Sabha on Thursday.
"The auction is being held successfully....It will be completed in one or two days," he said during Question Hour.
The e-auction began on April 9 and will continue till such time that demand equals supply, he said adding the award of spectrum was being done transparently and fairly.
Nine mobile telephony firms including Bharti, Vodafone, Reliance and Tatas are in the fray for 3-4 slots of 3G spectrum that allows subscribers to download hi-speed data and stream videos on mobile telephones. Radio waves are being auctioned across 22 circles.
"Procedure followed in allocation of (3G) spectrum is fully transparent....Everything is transparent," he said insisting that the process followed was open to any scrutiny.
The available spectrum was put on the Department of Telecommunication's website before the auction, he said.
Raja had earlier this week stated that the Government may garner around Rs 50,000-Rs 55,000 crore by selling 3G airwaves and Broadband Wireless Access (BWA) spectrum through auction.