will be over on the first day itself, Bharti group Chairman Sunil Bharti Mittal said on Wednesday.
"Reserve price is too high and we have been saying that since day one," Mittal told reporters here on the sidelines of the World Economic Forum on India.
Next week, the government is auctioning spectrum at a minimum bid price of Rs 14,000 crore for 5 MHz of airwaves for all the country's 22 telecom zones.
The auction base price is more than seven times that the carriers paid in earlier sales where airwaves were bundled with telecom permits.
Ruling out the repeat of the highly competitive bidding for the 3G and BWA (also known as 4G) spectrum in 2010, which went on for over a month fetching the government a total of Rs 1.06 lakh crore (Rs 1.06 trillion), Mittal said: "Auction will be over on first day.
"There is no need to be aggressive."
"Asked why then Bharti is taking part in bidding if the price is too high, he said:
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