Wednesday, November 14, 2012

Too greedy (2G)Auction?

So the auction has finally ended, fetching only 10K crore as against the target of  30K to 40K. This auction ended in 2 days as against over 30 days during the 3G auction. Almost all the telcos are bleeding and things are going to get worse. Are we staring at M&As to rescue the Telcos?

More auctions on the anvil (1) The unsold spectrum in this auction , (2) Spectrum not put-up for auction from the orginal  122 quashed licencess (3)  Refarming of 900Mhz

Perhaps time for the Goverment and the regulator to serioulsy re-look at the mechanism used for arriving at the base price for auctions.
 

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