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Bids for one all-India 3G licence hit $3 bln


NEW DELHI, May 10 (Reuters) - Bids for one set of nationwide third-generation (3G) mobile spectrum licences in India reached 134.74 billion rupees ($3 billion) on the 26th day of an auction, government data showed. As of Monday, 148 rounds of bidding had been completed, the Department of Telecommunications (DoT) said on its website. Bidding for the spectrum, which would allow firms to offer high-speed Internet and other premium services such as video calling on mobile phone, started on April 9 and is expected to wind up in coming days. The base price for one set of pan-India licences was set at 35 billion rupees. The government will sell four such licences -- three from the auction and one set to state-run telecoms firms which would have to match the highest bid price paid by the private operators. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ For details of the 26th day's bidding, see http://r.reuters.com/fes43k For earlier stories on the auction, see and ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Nine mobile operators, including Bharti Airtel, Reliance Communications and Vodafone's Indian unit, are participating in the auction. ($1=44.8 Indian rupees) (Reporting by Devidutta Tripathy; editing by Malini Menon) ((devidutta.tripathy@thomsonreuters.com; +91 98187 86430; Reuters Messaging: devidutta.tripathy.reuters.com@reuters.net)) Keywords: INDIA TELECOMS/3GAUCTION (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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