Monday, December 29, 2008
India confident on third-generation mobile services auction
India is confident the global financial crisis will not derail its auction of 3G mobile services spectrum due in mid-January, hanging out the prize of a larger foothold in the world's fastest growing wireless market.
The government hopes to raise $8.2 billion from the sale, and in a move to hook major overseas players it now plans to make new entrants winning third-generation radio waves eligible for space on the 2G spectrum as well.
"We have great hopes," R. Ashok, member of the Telecom Commission, the apex government body for the sector, told reporters at a news conference when asked how firms were responding amid the financial gloom.
Adding potential 2G spectrum to the offer, it is hoped, will make it easier for new foreign entrants to enter an extremely price-sensitive market where most use their mobile phones for voice calls and expensive data services take time to bear fruit.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
The government hopes to raise $8.2 billion from the sale, and in a move to hook major overseas players it now plans to make new entrants winning third-generation radio waves eligible for space on the 2G spectrum as well.
"We have great hopes," R. Ashok, member of the Telecom Commission, the apex government body for the sector, told reporters at a news conference when asked how firms were responding amid the financial gloom.
Adding potential 2G spectrum to the offer, it is hoped, will make it easier for new foreign entrants to enter an extremely price-sensitive market where most use their mobile phones for voice calls and expensive data services take time to bear fruit.
To read the full article, click here..
To read the ePaper, visit: http://www.newsindia-times.com
Labels: 2G spectrum, 3G mobile services, 3G mobile services auction, data services, global financial crisis, mobile phones for voice calls, world's fastest growing wireless market
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