Videocon Telecommunications chief executive Arvind Bali has said the company is evaluating the possibilities of bidding for 900MHz telecom spectrum in the Delhi circle, the most expensive circle by reserve price.
On Friday, an empowered group of ministers headed by Finance Minister P Chidambaram had fixed the base price of one MHz of spectrum in the 900MHz band in the Delhi telecom circle at Rs 359.65 crore. For Mumbai, the price was fixed at Rs 327.5 crore for one MHz. It is expected the government will auction 900MHz spectrum in January next year, without allowing a reservation for existing licence holders, whose permits will be due for renewal in November 2014.
“We are yet to take a decision on how much spectrum we will bid for. The Delhi circle makes a lucrative business case and fits our strategic framework completely,” Bali said. The Department of Telecommunications will auction 900MHz spectrum in blocks of one MHz each. An operator can bid for at least five blocks in a circle.
Earlier, Videocon Telecommunications had said it had appointed Deloitte as a consultant to suggest a course of action for the coming auctions.
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