India has set the floor price for its long-awaited 3G spectrum auction, placing the minimum bid at 35 billion rupees ($717.5 million). The ministers have also set the Wimax auction floor price at 17.50 billion rupees. The government has also set a target of completing both the 3G and Wimax auctions within 90 days.
The group of ministers which set the prices has also declared that only five players will be allowed to offer 3G services in each of India's 22 telecom circles. Of these, one slot will be reserved for state-owned operators BSNL or MTNL. Initially up to seven 3G players would have been allowed to operate in each circle, but spectrum remains tight in several of the most populous circles.
source: telecomasia.net
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