Friday, August 1, 2008
1 Aug, 2008,
MUMBAI: Shares of MTNL picked up steam after the telecommunications ministry announced that BSNL and MTNL will be allotted high-speed third-generation spectrum right away.
A global auction for 3G mobile services will be held and have five operators initially. The new guidelines for 3G spectrum, released today, provides for a reserve price for availing of radio frequency.
The department of telecommunications has also fixed the base price at Rs 160 crore for metros and category A circles, Rs 80 crore for category B, and Rs 30 crore for C circles, respectively for 3G spectrum auctions.
The guidelines for 'mobile number portability', also released by the government, MTNL shares up 6% on 3G spectrum allocation
1 Aug, 2008,
proposes dividing the country into two zones for implementing the scheme that is prevalent in most mature telecom markets.
India has 60 MHz of 3G spectrum available, and will allow both GSM and CDMA 3G services.
At 12:45 pm, MTNL shares soared 6.45 per cent to Rs 110.50. Among other telcom players, Bharti Airtel was marginally higher, Tata Communications rose 2.03 per cent while Idea Cellular lost 0.79 per cent.
Labels: MTNL
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