India 3G Auction: Day 5
The state of Gujarat recorded the highest bid of INR4.88 billion ($109.79 million). Gujarat is followed by Delhi, which recorded the bid of INR46.5 billion ($104.567 million).
The auction is likely to go on for sometime, and the Government is looking at raising $10 billion from the auction.
The 3G auction will be followed by BWA auction. While nine companies are bidding for 3G auction (six are bidding for pan-India license), 11 companies are bidding for BWA auction.
For full coverage of the Day 5 details click here.
— Gagandeep Kaur, India Editor, Light Reading