STAFF REPORT IBD: While assuring that strict transparency will be maintained in the upcoming spectrum auction for the 3G licences, the PTA has made it clear that winning bidders will have to pay the entire licence fee before the launch of the services.
“The allegations that the government would not get the amount of licence fee upfront are factually incorrect,” says a press release issued last week by the PTA.
It says that the spectrum auction for 2G cellular services in 2004 had an arrangement of 50 per cent upfront and the rest in in installments over 10 years. In the current auction process for 3G/4G/LTE services in 1900/2100 MHz spectrum the entire amount will have to be paid upfront, the regulatory authority said.
PTA will be striving hard to attract reputed investors in the situation where the adverse security environment and slow economic growth is already an impediment to lure reputed investors. Final bidding price will be determined through a transparent multiple round open outcry method where the highest bid will be the final price.
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