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03-11-2013, 10:16 PM #1
Sistema wins telecom spectrum in 8 circles for Rs 3,639 crRussian conglomerate Sistema’s Indian unit on Monday won telecom spectrum in eight circles or zones for Rs 3,639 crore in an auction shunned by all other companies.
Telecom Secretary R Chandrashekhar said the auction ended in just three rounds with lone bidder SSTL putting in bids at the minimum bid price, which had already been cut by about half after no companies bid for the band in November.
In all 24 blocks in eight telecom circles or zones were allocated out of 61 blocks that were put for auction. “In other words, 40 per cent of the spectrum that was put for auction has been won,” he said.
“In value terms, the value of the spectrum which has been won is around Rs 3,639 crore, which represents little over 56 per cent of the value of spectrum put for auction,” he said....being a human...