The government has failed in timely auction of 3G technology in the country creating uncertainty among potential buyers who want to participate in the bidding process but not invited for the auction yet.
All the dates announced earlier have been upheld and so far no official announcement has been seen for the auction and in this regard the first step was not even taken yet. The government had estimated to generate $630 million from the auction of 3G after setting a base price of $210 million for each license but failed to do so.
Experts believe that government’s failure to auction 3G technology in the country before the fiscal budget for the year 2012-13 would leave negative impacts and its failure would further swelled the already widen budget deficit of the country.
They said that the finance ministry has estimated to generate Rs 75 billion from the auction of 3G auction during the ongoing fiscal year2011-12.
Earlier government had announced to auction of 3G in March and provincial bidders were asked to submit their expression of interest till the end of January however this announcement has not turned into reality.
Telecom operators in the country are contemplating the launch of 3G technology however sources in the ministry of Information technology told online that after multi billion corruption scandal in India authorities in country are hesitant to launch the new technology. Sources at PTA told online that final date for auction is yet to be decided. They said that authority will now make sure that everything is all set to go ahead with auction before announcing the final date of 3G auction.
