2g Auctions

On day six of the 2G auctions, which was on January 9, 2014 Assam, Gujarat & Maharashtra have seen more demand than supply for 1,800 Mega Hertz band but the DoT secretary says that bids have crossed Rs 56,000 crore rupees. Here‘s Malvika Jain of CNBC-TV18 with more details.

Spectrum auction: To top target of Rs 11300cr, says Sibal

For the 1800 megahertz spectrum - Gujarat, Bihar and Uttar Pradesh east and west saw fierce bidding. For the 900 megahertz spectrum, telcos were betting big on Kolkata and Mumbai circles.

Expect better response in January 2G spectrum auction: COAI

Rajan Matthews believes the move taken by the CCEA will atleast allow the spectrum aution process to continue which is important as the cost to the exchequer on just sitting on unused spectrum is very large.

Peer review found no fault in CAG audit on 2G: Vinod Rai

Former CAG (Comptroller and Auditor General) Vinod Rai, in an interview to CNBC-TV18, defends the authenticity of the CAG report on 2G auctions and adds that a global peer review found no fault with the auditing framework of the CAG.

30% reserve price cut won't create much interest: COAI

Rajan Mathews, directorate-general (DG), Cellular Operators Association of India (COAI) says any reduction in the reserve price is a welcome move. However, a 30 percent reduction, he says, is not something that is going to generate a whole lot of additional interest.

2G auctions: Flop show good for telecom space, says CARE Research

In the last couple of years, Indian telecom sector has been affected by the ongoing policy paralysis and regulatory overhang. In February 2012, the Supreme Court of India cancelled 122 telecom licenses issued in 2008 when spectrum was allotted bundled with a license, allocated on a first-cum-first-serve basis.

Bharti Airtel, Idea up close to 2% after BoAML upgrade

Shares of telecom major Bharti Airtel and Idea Celluar rose nearly 2 percent on Friday after Bank of America Merrill Lynch upgraded both the stocks to "Buy" from its earlier "Neutral" rating.

2G auction: Eight round to continue on Oct 14

Five companies including Bharti, Vodafone, Idea, Telenor and Vdeocon are bidding for 2G spectrum. After seven rounds today, the auction will continue on Wednesday, reports CNBC-TV18‘s Malvika Jain quoting sources.

Sistema eyes Aircel stake; DoT confirms 5 GSM bidders

After staying away from the 2G auctions, Sistema Shyam may now consider a majority stake in Aircel. Barclays and Standard Chartered have been appointed as advisors to the deal.

Govt meet reveals telecoms gung-ho on 2G auction

CNBC-TV18‘s Malvika Jain reports on the highlights of a conference organised by the the DoT in the run-up to the next round of 2G auctions on Thursday.

2G auction deadline may get tough for govt: Sources

CNBC-TV18‘s Rituparna Bhuyan reports, quoting telecom department sources who indicate that it may be difficult for the government to meet the 2G auctions deadline set by the Supreme Court.

SC has laid to rest uncertainty on the 2G auctions: Salve

Supreme Court advocate Harish Salve welcomed the apex court‘s move and told CNBC-TV18 that the court has laid to rest any uncertainty as far as the 2G auctions were concerned.

Govt may form JPC to probe 2G scam before budget

The government is likely to announce on a joint parliamentary committee to look into the 2G auctions before the budget session begins. The modalities and the terms of reference of the JPC are being worked upon, reports CNBC-TV18's Bhupendra Chaubey.