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Govt releases timetable for auction of 3G spectrum; auction to be held in 4 stages

Govt releases timetable for auction of 3G spectrum; auction to be held in 4 stages

Author | exchange4media News Service | Saturday, Nov 21,2009 7:58 AM

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Govt releases timetable for auction of 3G spectrum; auction to be held in 4 stages

Minister of State for Communications and Information Technology, Gurudas Kamat, explained the process of allocation of 3G spectrum in India during the proceedings in the Rajya Sabha on November 20, 2009. He also introduced an indicative timetable for 3G spectrum auction, which will be carried out in four stages.

Kamat said that some of allocation of 3G spectrum would be made through auction. For this, a controlled, simultaneously, ascending e-auction would be conducted as per the 3G spectrum guidelines issued on August 1, 2008, and with certain amendments on September 11, 2008. The Empowered Group of Ministers (EGoM) in the meeting held on August 27, 2009, had decided, among others, the number of blocks of 3G spectrum to be auctioned and their reserve price.

Revised Information Memorandum indicating the various aspects associated with the 3G auction has been issued on 23.10.2009 and published on Department of Telecommunications (DoT) website.

The auctions will be carried out in four stages – Invitation Stage, Pre-qualification Stage, Auction Stage and Grant Stage. There is no pre-set timetable and the Government reserves the right to determine the overall timetable of the auctions or to amend it from time to time. The indicative timetable is as follows:

• Deadline for submission of questions for per-bid conference - November 13, 2009
• Pre-bid conference - November 16, 2009
• Issue of clarifications, if any - November 27, 2009
• Notice Inviting Applications - December 8, 2009
• Final date for Applications - December 21, 2009
• Publication of ownership details of Applicants - December 24, 2009
• Bidder Ownership compliance Certificate - January 4, 2009
• Pre-qualification of Bidders - January 7, 2009
• Mock Auction - January 11-12, 2009
• Start of the 800 MHz and BWA Auctions - Two days from the day of close of the 3G auction
• Payment of Bid Deposit by Successful Bidders - Within five calendar days of the close of the relevant auction
• Payment of the balance amount (Successful Bid Amount less Bid Deposit) - Within 15 calendar days of the close of the relevant auction

Any change in the auction timelines would be communicated to bidders through the auctions website only. Participants will have to monitor the auctions website actively to get the latest update.

Tags: e4m

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