Govt to start 3G spectrum auction process by weekend

Auction to be completed in next 50 days

PTI | February 23, 2010



Ending suspense over 3G spectrum auction, the government said on Monday it will start the process by this week-end by issuing bid document, as all issues with the law and the finance ministries stand resolved.

"The Department of Telecom (DoT) will issue Notice Inviting Applications (NIA) from the potential bidders by the end of this week. All pending issues have been resolved," , Telecom Minister A Raja said on the sidelines of a function here.

Asked about the date for auction of spectrum, he said, "You can take 40-45 days from the date of issuing NIA."

Going by this, the auction cannot be completed this fiscal with only 36 days remaining.

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