The country’s third-generation wireless spectrum auction for spectrum sale will start on February 12 and services would start from September 1 this year, reports CNBC-TV18 quoting sources.From today the 3G draft of the notice inviting bids or applications will be issued by the ministry.
Paying fees will be in two phases for the winning bidders . The phase 1 winning bidders make a payment of 25% of the bid amount within five days after the auction and the balance payment within 15 days. The government plans to auction three 3G slots nationwide.
The 3G auction fund, the ministry says, may be a little less than Rs 35,000 crore.
Spectrum wil be assigned within 15 days from the date of payment, the government intends to add more 3G slot in January 2013.
The final date for applications will be received by Jan25th, the pre-qualification for bidders will takes place on February 5. Notice inviting bids is likely to be issued by this week and would specify exact spectrum slots .
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