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. ...
01:40 PM, Mar 11, 2013
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 Mumbai, they added. ...
12:53 PM, Mar 11, 2013
Lone bidder Sistema Shyam Teleservices (SSTL) on Monday bid for eight circles in the 2G spectrum auction for CDMA services. The second round of auction is underway and it is expected that it will end by the third round, which could be the shortest online sale of radiowaves in terms of time consumed. ...
11:00 AM, Mar 11, 2013
The government is likely to discuss on Thursday recommendations made by the Empowered Group of Ministers (EGoM) on pricing of spectrum that was unsold in the recently concluded auction. The matter has been listed for discussion in the Cabinet meeting slated for Thursday evening, official sources said. ...
01:21 AM, Dec 13, 2012
The Empowered Group of Ministers on telecom, headed by Finance Minister P Chidambaram, will meet on November 29 in the backdrop of lukewarm response to recently concluded 2G spectrum auction. "Its (EGoM meeting) happening on Thursday," Telecom Minister Kapil Sibal told reporters on sidelines of meeting with stakeholders to discuss proposal for World Conference on International Telecommunications starting December 3 in Dubai. ...
02:59 AM, Nov 28, 2012
Union Telecom Minister Kapil Sibal speaks about the recent 2G spectrum auction and the CAG's loss figure. ...
11:19 PM, Nov 19, 2012
New Delhi: The Supreme Court on Monday flayed the government over what it called a "casual" attempt by it to auction the 2G spectrum. Chiding the government for not complying with its order and letting "lower ranking officials" file affidavits in the matter, the apex court refused to take on record the Centre's affidavit that had been filed by an under secretary-level officer. The court directed that the affidavit must...
03:02 PM, Nov 19, 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 said the wrong policies of United Progressive Alliance (UPA) government were to be blamed for low collections. "This must be...
10:53 PM, Nov 16, 2012
Has the recent allegedly flop 2G auction shown that the CAG's estimate for the presumptive loss in 2008 is mistaken? ...
09:54 PM, Nov 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 will discuss how to move forward and take a call on it," Union Telecom Minister Kapil Sibal said. As against...
03:01 PM, Nov 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 the telecom sector, a sector which is the real success story of economic liberalisation in India. First that success...
04:04 AM, Nov 16, 2012
The government stressed that the result of the auction proved its argument that the CAG overestimated losses. ...
10:30 PM, Nov 15, 2012
This year's Diwali was less noisy but more polluted, there was nearly 50 per cent jump in toxic gases as the national capital celebrated the festival of lights with crackers. ...
11:57 PM, Nov 14, 2012
The re-auction of 2G mobile spectrum has been a massive disappointment, ending at less than Rs 10,000 crore - way below the government target of Rs 40,000 crore. Idea is the provisional winner in seven circles while Videocon is also the provisional winner in seven circles. Others like Airtel and Vodafone bid cautiously. The bidding comes after the Supreme Court had cancelled 122 licences in February 2012. ...
11:29 PM, Nov 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 in an auction that ended in two days, a far cry from the 35-day bidding for the 3G spectrum...
07:05 PM, Nov 14, 2012
New Delhi: The second day of auction for 2G spectrum started at 9 AM on Wednesday, on the back of demand for spectrum in the Bihar telecom circle. A Department of Telecommunications official replied in the affirmative when asked if the auction resumed on time on Wednesday morning. "Yes. Eighth round is in progress," the official said. The government is auctioning eight blocks of spectrum having 1.25 megahertz airwaves frequencies...
10:44 AM, Nov 14, 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 found no bidders at all. The auction will now continue after Diwali. The bidding comes after the Supreme Court cancelled...
07:36 AM, Nov 13, 2012
Even after the sixth round, the government is almost Rs 30,000 crore short of its budget target of Rs 40,000 crore. ...
11:38 PM, Nov 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 bid start price of Rs 14,000 crore even as demand was concentrated in select circles like Gujarat, Uttar Pradesh (East)...
07:38 PM, Nov 12, 2012
Former Cabinet Secretary KM Chandrasekhar has created a controversy by revealing that he advised Prime Minister Manmohan Singh to increase the entry fee for 2G spectrum from Rs 1,651 crore to Rs 36,000 crore but that the PM didn't follow his advice. ...
09:28 PM, Oct 19, 2012
