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3G FOR ALL AT THE END OF 2009
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#1
The retarded saga of 3G auction still continues still it’s not clear will it ever happen in 2009. In a recent interview to print media A.Raja hinted that 3G auction will held end of this year and quoted “Definitely, in 2009 itself we’ll do it” when asked about the time frame for the long awaited 3G auctions; Later this year the spectrum king announced the delay in 3G auction process due to some strange reasons such as December being too full of holidays.

Further delay means companies that are waiting to be allotted 3G spectrum may delay investment in the 2G platform.The telecoms ministry had earlier expected the auction to raise $6.4 to $8.5 billion, but the finance ministry in February estimated the sale could bring just half of that.It looks like spectrum king is following the path of Europe’s 3G auctions. The 3G auctions in Europe helped to fetch huge bonanza taxes from the operators but led to a telecom crash in these countries thereby delaying the launch of 3G.Which lead to an incurred huge debts and the industry took three years to recover a delay like this is only effecting the Indian Telecom Industry .
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