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Thursday, May 13, 2010

3G bidders may focus on select circles: Sources

3G bidders may focus on select circles versus an all-India presence,quoting sources. The 10 circles are alone worth Rs 12,500 crore. Of this, the Delhi and Mumbai 3G slot is worth Rs 5,273 crore.

While the cost for the rest of India (12 circles) stands at Rs 1,966 crore. On day 28, the all-India price stood at Rs 14,466 crore.

Yesterday reported that after 28 days of hectic bidding, the 3G auctions are finally entering the home stretch. The government's revenues have surged to an impressive Rs 58,400 crore, but the pace of daily increase is slowing down.

Sources said that some companies are focussing on 8-10 prime circles.

3G lenders are watching this situation closely. Sources added that the bidding frenzy is driven by spectrum scarcit

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