The much-awaited public auction of the 1,800-MHz group 2G variety has obtained a silent response from telecos, with the govt handling to rustle up only Rs 9,224.5 crore at the end of the 7th rounded of firms now a days. The public auction will continue on Wed.At the end of seven units of firms, the provisional successful cost in 17 of the 22 groups stayed the same as the platform cost set by the govt.
However, the provisional successful cost for the Bihar group improved by Rs 1.7 crore over the source cost. The Delhi and Mumbai groups (which consideration for 40% of the complte platform cost for a pan-indian licence), besides the Karnataka and Rajasthan groups, identified no visitors until the 7th circular of firms. This implies, in these groups, the govt will not even be able to determine out a one time fee that obligatory provides have to pay for undesirable variety, as there would be no auction discovered cost.
Two times before the all essential 2G variety goes up for public auction, it seems that this Diwali may not confirm to be too shiney for the govt in the insufficient competitive firms from the telecommunications providers doing it.
The clamour for a re-auction has already began. Mobile operators Organization of Native indian Director-General Rajan Mathews says : 'Our take a position is vindicated; the platform cost was too great for telcos. I think the govt miscaliculated the cost. It should look now t closing the public auction, recalibrating the platform cost and going for clean deals."
Based on combo firms information with the govt at the end of the 7th circular, of the eight prevents up for public auction, only five prevents in the Maharashtra group came up for firms.