2G spectrum auction begins on Monday

It isn't going to be a usual Monday morning at Telenor and Videocon offices. Several executives at the two companies, which along with Idea Cellular, Bharti Airtel and Vodafone are in the fray to acquire 2G spectrum, would have entered their offices by the time most people start their drive to work. 

After all, by 9am they have to log on to a special website to begin the first round of bidding on Diwali eve. While Bharti and Vodafone are looking for top-up spectrum in some of the circles, the stakes are particularly high for Telenor and Videocon, which are on the verge of losing all their licences and spectrum following a Supreme Court order cancelling 122 licences awarded controversially during A Raja's term. 

Idea is placed marginally better as it is bidding to secure spectrum in seven circles where its services are on the brink of cancellation thanks to the apex court's February ruling.


Source: http://cablequest.org/news/telecom-news/item/952-2g-spectrum-auction-begins-on-monday.htmlSource: http://cablequest.org/news/telecom-news/item/952-2g-spectrum-auction-begins-on-monday.html