>BROADBAND WIRELESS AUCTIONS (KREDENT FINANCE)

The auctions for Broadband Wireless Access (BWA) license ended today. 2.3 GHz spectrum was
auctioned for 22 circles and 11 companies were bidding for it.

See details in report

■ The duration of the license is 20 years.
■ Services will be rolled out by year end by the service providers.
■ The companies will have to pay the bid deposit within 5 calendar days of the close of the
relevant auction and the balance amount is to be paid within 15 calendar days of close of relevant auction.
■ The Government rose over Rs 38000 crore from the BWA auctions, including money paid by
BSNL & MTNL for spectrum provided a year earlier. With the completion of the bidding the
Government has completed the long pending process of the auctions.

Bharti Airtel won bids on 4 circles and will pay an amount close to Rs 3300 crores for 4 circles.
- The company had already paid Rs 12000 crore for the 3G license and completed Zain
acquisition this week only. So the new amount will be another strain on a company which
was debt free last year before acquisition of Zain Telecom.

- The stock of the company was trading at Rs 274.25 down by 3.76%

To read the full report: BROADBAND WIRELESS AUCTIONS