Tata Tele withdraws from CDMA bidding too

Tata Teleservices has withdrawn from bidding for the CDMA spectrum as the company found it financially non-viable, CNBC TV18 reported today.

With the development, the government will not be conducting auction of CDMA spectrum as Videocon Industries, the only other bidder, had withdrawn its application last week.

Tata Teleservices did not find any point in bidding for loss-making circles. AFP

Tata Teleservices did not find any point in bidding for loss-making circles such as Assam, North-East and Jammu & Kashmir, the report said quoting company sources.

According to the sources, the extra outgo to retain licences would add to these losses, making it financially unviable.

The Supreme Court had in its landmark order on 2 February cancelled three licences of Tata Tele.

The company has filed a curative petition challenging the order. The sources said the company is hopeful of getting relief from the Supreme Court.


Updated Date: Dec 20, 2014 13:25 PM

Also Watch

Watch: Firstpost test rides the new Thunderbird 500X in Goa and walks you through the Royal Enfield Garage Cafe
  • Tuesday, April 17, 2018 Varun Dhawan on Shoojit Sircar's October, 5-star reviews and working with Anushka Sharma in Sui Dhaaga
  • Saturday, April 14, 2018 Ambedkar Jayanti: Re-visiting Babasaheb's ideals exposes fake Dalit politics of Rahul Gandhi and Congress
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See