Govt to complete 3G auction by March end: Raja

Differences with the finance ministry over payment schedule and the defence ministry over spectrum release have delayed the auction process for 3G

The Indian government on Tuesday said that radio wave auctions for third generation mobile phone services, or 3G, will be completed by end of March, reports PTI.

"The government is very keen to complete the 3G auction process well within the financial year that ends on March 2010," telecom and IT minister A Raja told reporters on the sidelines of an event.

He said that the notice inviting applications for the 3G auction is likely to come out this week.
Auction for four slots of spectrum was to take place on 14th January but differences with the finance ministry over payment schedule and the defence ministry over spectrum release have delayed the process.

The finance ministry is expecting Rs35,000 crore (Rs350 billion) from the 3G spectrum auction and the proceeds will be used to bridge the fiscal deficit.
 

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