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Thursday, March 18, 2010

Bharti applies for 3G spectrum bid, Rel Comm may follow

Bharti Airtel has applied for third-generation mobile spectrum bid in all of the country's 22 telecom zones, a spokesman for the leading mobile operator said on Thursday.

No. 2 operator Reliance Communications also said it would shortly apply to bid for the spectrum in all the zones.

India will auction three slots each of third-generation wireless spectrum in most of its telecoms zones, including the lucrative Delhi and Mumbai regions, from April 9, the telecoms ministry said last month.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
20:00 EIA Crude Oil Stocks Change 1 2.553M 2.200M 6.165M
20:45 Fed's Musalem speech 2
21:15 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.435% 4.310%
23:30 FOMC Minutes 3
Thursday, Apr 10
04:31 RICS Housing Price Balance 1 8% 11%
15:30 RBA Governor Bullock speech 3
18:00 Initial Jobless Claims 4-week average 1 223K
18:00 Initial Jobless Claims 2 223K 219K
18:00 Continuing Jobless Claims 1 1.880M 1.903M
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