See Bids for One All-India 3G license reach 86.62 billion rupees

The Bids for One All-India 3G license reach Rs 86.62 billion rupees:Bids for one set of countrywide third-generation (3G) mobile spectrum licenses in India obtained 86.62 billion rupees ($2 billion), or 147.5 per cent above the base price, on the fifteenth day of an auction, municipal information indicated on Tuesday.

Eighty-eight rounds of bidding had kept on executed by Tuesday, the Department of Telecommunications claimed on its website. The auction began on April 9 and is significantly on. The base levels for one set of pan-India licenses had been heard set at 35 billion rupees. The municipal should purchase one this licenses — 3 on the auction and one set to state-run telecoms businesses who will hold to balance the utmost bid expense brought in by the private operators. Nine mobile operators, as well as Bharti Airtel, Reliance Communications and Vodafone's Indian unit, are participating in the auction.