Tata Teleservices now pulls out from the GSM spectrum bid

By Kul Bhushan | Published on 07 Nov 2012
Tata Teleservices now pulls out from the GSM spectrum bid

Tata Teleservices has reportedly pulled out from the auction for the GSM spectrum in 1,800 MHz band shortly after it withdrew its application to bid for the CDMA spectrum.

According to a Daily News report, Tata Teleservices had decided to depart from the CDMA auction after finding the reserve price financially non-viable. The company said it already had enough spectrum and thus does not need to bid in either of the auctions.

In the meanwhile, the Department of Telecom has declared Bharti Airtel, Idea Cellular, Vodafone, Videocon and Telewings eligible for the auction. Bharti Airtel, which has deposited Rs. 102.75 crore, will be participating in 5 circles.

Idea Cellular which deposited Rs. 1,306.75 crore, will partcipate in 7 circles. Vodafone, which has also exited from the CDMA auction, deposited Rs. 229 crore for 17 circles and Telewings Rs. 1,096 crore for 13 circles.

Experts are anticipating less enthusiasm for the forthcoming auction in the wake of “exorbitant reserve price”, which is Rs. 14,000 crore. Cellular Operators Association of India (COAI) Director General Rajan Mathews told DNA, “The actual amount is believed to be closer to the reserve price but in select circles like UP and Bihar, where penetration is lower, there might be little active bidding."

The auction is slated to begin on November 12, and wrapped up by January 11, as per the court orders. Earlier this year, the Supreme Court had cancelled 122 telecom licences and ordered allocations via fresh bid.

Source: DNA

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tata tele tata tata teleservices gsm cdma spectrum refarming 1800 mhz band 800 mhz band 900 mhz band airtel bharti airtel videocon coai spectrum refarming 2g 3g
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