THE MOBILE SPECTRUM AUCTION HAS BEEN POSTPONED FOR 10 DAYS OF THE ORIGINAL DATE PROPOSED EARLIER.ACCORDING TO THE REVISED SHEDULE,THE BIDDING WILL START ON 3RD FEBRUARY,2014.

THE TELECOMMUNICATIONS MINISTRY IS AIMING TO GET RS.11000 CRORE FROM THE AUCTION OF 900 AND 1800 MEGAHETEZ AIRWAVES.THE AUCTION IS CRUCIAL FOR THE LEADING PRIVATE TELECOM COMPANIES,BHARATI AIRTEL AND VODAFONE AS THEY HAVE TO RENEW THEIR PERMITS IN SOME OF THE KEY CIRCLES.THE BASIC PRICE OF THE SPECTRUM FOR AUCTION ALREADY BEEN SLASHED UPTO 53 PER CENT TO BENEFIT THESE PRIVALTE PLAYERS.

ACCORDING TO THE NEW SHEDULE PROSPECTIVE BIDDERS HAVE TO SUBMIT APPLICATIONS BY JANUARY 15 TO PARTICIPATE IN THE AUCTION.