3G spectrum auctions likely from Feb 13: report

Bidding process for the third generation (3G) spectrum is likely to start from February 13, according to reports. The last date for accepting applications will be January 25 after which mock auctions will be held on February 10 and the DoT will issue notice inviting applications (NIA) on January 10. The new dates have been set following a decision by the Empowered Group of Ministers to release 3G spectrum by August 2010. Reports stated that mobile operators winning the auction for 3G mobile spectrum might be asked to pay the entire bid amount upfront within 20 days after the bidding process is completed. They will however get the spectrum in August only. The successful operator would have to pay 25% of the bid amount in five days of the auction closing and the remaining amount in 15 days. This will be the fourth time in the last one year that the DoT will be setting dates for 3G auction. Earlier attempts to go ahead with the auction could not materialise after the Defence Ministry had raised objections with respect to releasing spectrum.