Companies Rush To Buy Spectrum – Ways2Capital
Telecom companies have lot of interest in spectrum auction. Mukesh Ambani’s Reliance Geo has also decided to bid for this spectrum. Reliance Goe has placed the application for spectrum auction. The company in the country will bid for 2G and 3G spectrum.
With Reliance Geo, Bharti Airtel, Vodafone, Aircel and Uninor have also applied for auction. Companies that have filed for auction, most of them have time of license renewal. Idea 9, Vodafone and Reliance Communications 7-7 and Bharti Airtel in 6 Circle have to renew the license.
Meanwhile, Sistema Shyam nad Teleservices has decided that they would not bid for spectrum. The company says that the reserve price has been very high. Four bands of the spectrum auction is scheduled to begin from March 4 and the government is expected to earn Rs 80,000 crore.
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