India's New Auction, New Action
2:35 PM -- With the $14.6 billion 3G spectrum auction over, it's time for its sibling, the BWA (broadband wireless access) auction, to take over. (See Analysts: Bidding for BWA to Be as Fierce as 3G and India's 3G Auction Ends, Raises $14.6B.)
And it's already a sprint, with the price of a pan-India license standing at nearly 32 billion Indian rupees (US$673 million). See the official auction archive, which is updated daily, for more details.
Meanwhile, the operators are still railing against the Telecom Regulatory Authority of India (TRAI) over the regulator's plans to change the pricing rules for 2G spectrum. (See Bharti Airtel Slams Indian Regulator and TRAI Mulls New 2G, M&A Rules.)
Some of the leading players had taken their case to the Telecom Dispute Settlement Appellate Tribunal (TDSAT), but withdrew their petition, according to the Hindustan Times.
— Ray Le Maistre, International Managing Editor, Light Reading