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India asks regulator to clarify on 2g auction prices, afterprotests by 123wert sdfsf
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India asks regulator to clarify on 2g auction prices, afterprotests |
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Business,Business News,Business Opportunities
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India's Telecom Commission has asked the country's telecomregulator to clarify on proposed reserve prices for an auction ofmobile spectrum, following protests from companies and industryassociations that the prices were too high. The commission wants to understand from the Telecom RegulatoryAuthority of India (TRAI) the basis for fixing the reserve price,besides seeking clarifications on other proposals related to theauction, telecom secretary R. Chandrashekhar said in Delhi onMonday, according to reports. Ahead of the meeting of the Telecom Commission on Monday, Norwegiantelecom operator Telenor said it would be "almost impossible" forit to participate in a proposed auction of spectrum underconditions recommended by TRAI. If it does not bid in the auction, Telenor may in effect exit Indiaas it will lose all its 22 mobile licenses in the country, after aSupreme Court order canceling 2G licenses issued in 2008 comes intoeffect by Aug.
31. Concluding that there were irregularities which helped companiesbag the licenses at basement prices prevailing in 2001, the courtordered the cancellation of 122 licenses across 22 services areas,and ordered the telecom regulator to recommend the procedure forthe auction of the spectrum that was released as a result. However the proposed terms of the auction have not been foundfavorable by foreign companies like Telenor, which bought intoIndian companies that bagged the licenses, and now stand to forfeittheir licenses. Many of them hold that they were not instrumentalin their Indian joint ventures bagging the licenses from thegovernment, but only invested later in these companies.
Tor Odland, a Telenor spokesman, said that some considerationshould be given to companies that lost their licenses as a resultof the ruling, as an auction open to all players will favor largeincumbents, and not bring competition to the market. The reserve price fixed by TRAI for the auction is also severaltimes higher than what was paid for the spectrum in 2008, whichsome of the operators object to. The 5 MHz that TRAI proposes to auction in the 1800 MHz band in thefirst phase is way below demand and will artificially inflateprices, according to analysts. TRAI said the limited auction wouldhelp arrive at the market value of spectrum for subsequentauctions. A TRAI proposal to offer spectrum in blocks of 1.25 MHz each willalso lead to inefficient networks, Odland said.
"You need a minimumof 5 MHz to run an efficient network," he added. TRAI's proposed reserve prices for upcoming spectrum auctions areso prohibitively high that they will inevitably curtail mobileoperator investment in mobile broadband infrastructure and increaseprices to consumers, GSMA said last week. Local operators'associations said the new policies and the pricing proposed by TRAIwould hit an already ailing telecom industry in India. Telenor has meanwhile taken a write-down on its remaining Indianassets, describing its as a precautionary measure. After the NOK3.9 billion ($682 million) write-down, Telenor will not havefurther accounting exposure related to India as of March 31, 2012,it said.
The company had earlier this year written down NOK 4.2billion related to licenses and goodwill in India. John Ribeiro covers outsourcing and general technology breakingnews from India for The IDG News Service . Follow John on Twitter at @Johnribeiro . John's e-mail address is john_ribeiro@idg.com. I am Construction & Real Estate writer, reports some information about three compartment sinks , scissor lift rental.
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