Govt to kick off 3G auction on Jan 30

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FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
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DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
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RELIANCE IND PLACES RS.115 CR ORDER WITH NORWAY'S AKER SOLUTIONS
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MNP ALLOWS USERS TO CHANGE OPERATORS WHILE RETAINING MOBILE NOS
USERS TO PAY MAX OF RS.19 TO CHANGE OPERATOR WHILE RETAINING OLD NUMBER
TRAI COMES OUT WITH NUMBER PORTABILITY CHARGES
PUNJAB NATIONAL BANK PLANS TO RAISE RS 700 CR BY SELLING BONDS
TATA TELE-QUIPPO OFFERING BETTER SERVICING DEAL FOR TOWERS: SOURCES
GTL BID 10-15% HIGHER THAN TATA-QUIPPO: SOURCES
DEAL VALUED AT AROUND RS.6000 CR : SOURCES
MAY JOIN RACE FOR SHELL'S EUROPEAN REFINERIES: SOURCES
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INDEX GAINERS: SUZLON UP 9.3%, TATA STEEL UP 6.3%, SAIL UP 5.3%
APPROACHED SHELL FOR BUYOUTS BEFORE ESSAR'S EXCLUSIVE TALKS BEGUN
ESSAR-SHELL IN EXCLUSIVE NEGOTIATIONS TILL NOV 30 TO BUY 3 SHELL REFINERIES
RIL SPOKESPERSON: 'WE ARE REVIEWING A NUMBER OF GLOBAL OPPORTUNITIES'
RIL SPOKESPERSON TO NDTV: 'REVIEWS CANNOT ASSURE TRANSACTIONS'
JSW ENERGY ALSO IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
CESC, SREI INFRA IN RACE FOR ANDREW YULE'S DPSC STAKE: NW
GAMMON INFRA BAGS NHAI PROJECT WORTH RS.850 CRORES
NET PROFIT AT RS.48.2 CR VS RS.12 CR; SALES UP 55% AT RS.849 CR (YOY)

Updated: 29/12/2008 | 06:27 PM IST

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Press Trust of India

Monday, December 29, 2008 (New Delhi)

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The Government has deferred 3G spectrum auction to January 30, delaying it by 15 days.

Telecom Secretary in an internal letter said, "In view of the large number of requests from potential bidders, it is only fair that they should be given some time.

Accordingly it is decided that the auction process be shifted by a fortnight and the CCEA decision will be available by that time and we will have a clear mandate to proceed as per their decision".

As per the new revised timeline, applications will now be invited from January 9, 2009 and the final date will be January 15.

The Department of Telecom will announce the ownership details of the 3G applicants on January 16, which was the earlier date of spectrum auction and on January 20 bidder Onwership compliance certificate for the 3G auction will be given.

It will shortlist pre-qualified bidders for the 3G spectrum auction on January 22 and while the mock auction will take place between January 27-28. And, the 3G spectrum auction will take place on January 30 while Brodband Wireless.