Business | Posted on Apr 20, 2010 at 12:21am IST

Auction 8th day: 3G bids up 73 pc from base

Reuters

New Delhi: Bids for a nationwide third-generation (3G) mobile spectrum licences rose 73 per cent above the base price to 60.68 billion rupees ($1.36 billion) on the eighth day of an auction, government data showed on Monday.

Forty-six rounds of bidding had been completed by Monday, the Department of Telecommunications said on its website.

Nine mobile operators, including Bharti Airtel, Reliance Communications and Vodafone's Indian unit, are participating in the auction.

Auction 8th day: 3G bids up 73 pc from base

The auction, which began on April 9, may take about two weeks to complete, government officials have said.

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