2G Auction

  • 'Spectrum auction ends; no bids for Mumbai, Maharashtra, UP East' March 11, 2013

    New Delhi: The government will get around Rs 3,639 crore from the 2G spectrum auction for CDMA services, which ended on Monday with Russian conglomerate Sistema's Indian unit SSTL being the only bidder. However, the government may not get any upfront payment as Rs 1,626 crore has to be adjusted against...
  • 2G spectrum auction: SSTL puts in bids worth Rs 3,639 cr till 2nd round March 11, 2013

    New Delhi: The government has received bids worth Rs 3,639 crore from lone bidder Sistema Shyam Teleservices (SSTL) till the second round of the 2G spectrum auction for CDMA services. Sources said bids were received for three blocks in each of eight circles, including Delhi. There was no bid for...
  • 2G: Raja unlikely to depose before JPC, say sources February 26, 2013

    New Delhi: Former telecom minister and a prime accused in the 2G spectrum scam case, A Raja will not be deposing in front of the Joint Parliamentary Committtee (JPC), sources said on Tuesday. Raja on Saturday wrote to Speaker Meira Kumar demanding that he be allowed to appear before the...
  • Telecom firms not part of new 2G auction won't operate: SC February 15, 2013

    New Delhi: The Supreme Court on Friday ruled that the telecom firms whose licences were cancelled and didn't participate in fresh auction for 2G spectrum will cease to operate forthwith. Sistema and Tata Tele were among those who did not bid in the auction. The court also ruled that the telecom...
  • SC extends deadline for operators to continue 2G service January 14, 2013

    New Delhi: The Supreme Court on Monday allowed telecom operators whose licences were cancelled by its February 2, 2012 order to continue their services till February 4, 2013. An apex court bench of Justice GS Singhvi and Justice KS Radhakrishnan passed the order on a Department of Telecommunications (DoT) application...
  • 2G report denial by ex-CAG officer: The big questions November 23, 2012

    New Delhi: The man who authored the CAG's report on 2G spectrum has now said that it is not his report, that it merely carried his signature. Speaking to CNN-IBN, ex-CAG audit officer RP Singh said that the audit was done without guidelines and was influenced by PAC Chairman Murli...
  • The Last Word: Has the govt been casual in its handling of the 2G auction? November 19, 2012

    Union Telecom Minister Kapil Sibal speaks about the recent 2G spectrum auction and the CAG's loss figure. ...
  • CAG should explain its 2G loss figure: Narayanasamy November 17, 2012

    Chennai: Keeping up the government's attack on the CAG, Union Minister V Narayanasamy on Friday said the top auditor owed an explanation on its estimated loss of Rs 1.76 lakh crore in 2G spectrum allocation in the previous auction. "We have said that the calculation of CAG was wrong. Now...
  • 'Sensationalism killed' telecom sector: Kapil Sibal November 17, 2012

    New Delhi: Attributing "sensationalism" over the CAG's presumptive loss figure of Rs 1.76 lakh crore for the "killing" of the telecom sector, government on Friday said it plans to auction by March-end the circles that were not taken in the flopped sale of mobile phone spectrum this week. It also...
  • Failure of 2G auction shows economy's direction: Jaitley November 17, 2012

    Ahmedabad: Leader of Opposition in Rajya Sabha Arun Jaitely on Friday said that failure of 2G auction was an indicator of how badly the economy was faring under the UPA government. "The failure of 2G auction shows mismanagement of telephone sector in 2012 and indicates in which direction this government...
  • 2G auction: UPA the first govt to celebrate defeat, says BJP November 16, 2012

    New Delhi: In a scathing attack on the government on the 2G spectrum auction issue, the Bharatiya Janata Party (BJP) on Friday said low bidding has vindicated the stand of the Comptroller and Auditor General (CAG) that not going for auctions in 2008 had led to a huge loss. It...
  • News 360: PM hosts dinner for UPA allies to ensure support for FDI in retail November 16, 2012

    The Samajwadi Party on Friday announced a list of 55 candidates for the Lok Sabha election. ...
  • The Last Word: Has 2G auction shown that CAG's estimate was wrong? November 16, 2012

    Has the recent allegedly flop 2G auction shown that the CAG's estimate for the presumptive loss in 2008 is mistaken? ...
  • Intend to have another 2G auction before March 2013: Sibal November 16, 2012

    New Delhi: After a dismal 2G spectrum auction, the government once again defended itself questioning the 2G scam loss figure quoted by CAG and also said that it intends to hold another auction before March 31, 2013. "The intent is to try and have another auction before 31st March. We...
  • BJP blames UPA govt for low bidding at 2G auction November 16, 2012

    New Delhi: With less than estimated collections in the 2G spectrum auctions, the BJP on Thursday defended the CAG's submission that there was a loss of Rs 1.76 lakh crore in the earlier allocations and said the UPA government's policies were responsible for the low bidding. "They (UPA government) first destroyed...
  • Government attacks CAG after flop 2G spectrum auction November 15, 2012

    The government stressed that the result of the auction proved its argument that the CAG overestimated losses. ...
  • Govt gets only Rs 9,400 cr from 2G auction, Sibal defends poor response November 15, 2012

    New Delhi: Telecom Minister Kapil Sibal on Thursday defended the poor response to the 2G spectrum auction, saying the government was not there to score points. “We are not here to score points. Our point always was that market dynamics should be allowed to play out. The moment you start...
  • 2G auction: Govt will go back to TRAI and seek new direction November 15, 2012

    The auction of 2G spectrum has ended in a massive disappointment. The government has received bids less than Rs 10,000 crore, which is far below the reserve price of Rs 28,000 crore. The Centre had expected to earn nearly Rs 40,000 crore. ...
  • 2G spectrum auction ends, govt gets one-third of target November 14, 2012

    New Delhi: The much talked about 2G mobile phone spectrum auction ended in a damp squib on Wednesday with half of the airwaves on offer remaining unsold and government getting just about one-third of the targeted revenue. According to preliminary estimates, the government received bids worth "much-less" than Rs 10,000 crore...
  • 2G auction heads for a washout as govt falls Rs 30,000 cr short of target November 13, 2012

    New Delhi: The 2G auction by the government is headed for a washout. Even after the sixth round, the government is almost Rs 30,000 crore short of its budget target of Rs 40,000 crore. So far, the auction has mopped up only Rs 9,224 crore. The Delhi, Mumbai, Karnataka circles...
  • 2G auction by the government headed for a washout November 12, 2012

    Even after the sixth round, the government is almost Rs 30,000 crore short of its budget target of Rs 40,000 crore. ...
  • 2G: Govt receives bids over Rs 9,200 cr on Day 1 November 12, 2012

    New Delhi: The government on Monday received bids worth more than Rs 9,200 crore on the opening day of auction for 2G mobile phone spectrum that drew scant interest due to high base price. There was no bidder for pan-India airwaves for which the government had set a base or...
  • Govt to begin 2G telecom spectrum auction on Monday November 11, 2012

    New Delhi: The government will begin on Monday the auction for telecom spectrum through which it is hoping to meet Rs 40,000 crore revenue target. The auction for the airwaves or frequencies freed from the cancellation of 122 telecom licenses, belonging to mainly eight companies, by the Supreme Court in...
  • Government playing with orders on 2G auction: SC November 10, 2012

    New Delhi: The Supreme Court on Friday pulled up the union government for not implementing its order directing auctioning of 122 cancelled 2G licences in both letter and spirit and going in for a truncated auction. "Prima facie we can say you are not complying with the court orders. You...
  • 2G auction will be over on first day; price too high: Mittal November 7, 2012

    Gurgaon: The reserve price of Rs 14,000 crore set for airwaves is "too high" and the auction of 2G spectrum will be over on the first day itself, Bharti group Chairman Sunil Bharti Mittal said on Wednesday. "Reserve price is too high and we have been saying that since day...
  • Telenor seeks to join 2G airwaves auction October 20, 2012

    Mumbai: Norway's Telenor has applied to take part in the 2G spectrum auction, opting to stay in the country despite being stripped of its permits after a scandal-tainted previous sale. Telenor joins India's top three operators by revenue in eyeing the 2G radio waves, though Russian conglomerate Sistema's Indian affiliate...
  • 2G auction: Govt expects significant participation August 28, 2012

    New Delhi: The government is expecting "significant participation" from existing and new telecom operators in the spectrum auction scheduled to start from November 12, 2012. "We are expecting significant participation from the new operators and some of the existing operators which require additional spectrum may also participate in the auction," Telecom...
  • SC extends 2G auction deadline till Jan 11, 2013 August 27, 2012

    New Delhi: The Supreme Court has extended the deadline for a fresh auction of the 2G spectrum licences till January 11, 2013. The court has said that if the orders are not complied with, the court will issue contempt proceedings against the officers responsible. "Exemplary costs may be imposed in the...
  • Govt moves SC seeking 2G auction in November August 9, 2012

    New Delhi: The Central government has moved the Supreme Court in the 2G case, saying it needs time till November 12 to start fresh auction. The government has also sought another 40 days to complete the auction and allocate licences. The Supreme Court had earlier set an August 31 deadline. The...
  • Govt wants 2G auction in Nov, to move SC August 7, 2012

    New Delhi: The Department of Telecommunications will move the Supreme Court to push the deadline for 2G auction to November. The Supreme Court had earlier set an August 31 deadline. The decision to move court was taken in the EGoM headed by Finance Minister P Chidambaram on Tuesday. "Auctioneer has given...