News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » Bharti offers Rs 2,650 cr for all-India spectrum

Bharti offers Rs 2,650 cr for all-India spectrum

Source: PTI
Last updated on: December 10, 2007 17:31 IST
Get Rediff News in your Inbox:
Under pressure from rival CDMA operators and government on the spectrum front, Bharti Airtel on Monday offered Rs 2,650 crore (Rs 26.50 billion) for all-India frequency as an initial bid that can be increased further.

In a surprise move, the country's biggest GSM operator said this is a confirmed offer and it reserves the "right to increase this bid in the event of an auction" for such pan-India spectrum.

The company, in a letter to telecom secretary D S Mathur, said, "it seems that a satisfactory outcome of the process underway seems unlikely and the issue is headed for a possible long litigation." 

"The decision to allocate GSM spectrum to CDMA operators seems to be the additional amount that is being charged, we are left with no option but to follow the same practice, albeit at a more realistic amount than what has been currently proposed," company's joint managing director Akhil Gupta said.

The offer of Rs 2,650 crore takes into account that Bharti Airtel would be given no worse off terms and conditions that are being proposed for dual allocation to CDMA operators in license fee and other matters, he said.

"We await the issuance of letter from the department to immediately make the payment and seek this additional spectrum allocation," Gupta said.

The quality of network to serve the growing customer base is of paramount importance and this offer should be seen in the light of the same, he said, adding that denying GSM operators a clear path to grow would derail internationally acclaimed success story of India's telecom sector.

"While attempts are being made to choke the GSM operators of their spectrum needs, the CDMA operators are being happily conferred additional spectrum beyond the highest entitlement," he added.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!