Broadband Bids Cross $2 Bln on 10th Day

Bids for one set of nationwide wireless broadband spectrum licences reached 95.22 billion rupees ($2.03 billion) on Friday in an ongoing auction, government data showed. The current auction follows the one for third-generation (3G) spectrum that ended on May 19, after 34 days of bidding. That sale fetched 677 billion rupees in revenue for the government, nearly double the total estimated from both 3G and wireless broadband spectrum auctions.

Published Date: Jun 05, 2010 09:49 am | Updated Date: Jun 05, 2010 09:49 am