Videocon reportedly pulled out of the 800MHz band auction, days after it deposited an amount of INR 200 crores as EMD for the same. Sources state that after applying to participate in the 1800MHz and 800MHz band auction, the company withdrew itself from the latter. Sources even added that the company shall be bidding for just 5-7 GSM circles, and not 17 circles as planned initially.
Videocon helping itself out of the auction means that now only Tata Teleservices shall be competing for the CDMA Spectrum in 800MHz. Today is the last date for pre-qualifiers to withdraw their applications for 2G spectrum, as the final list of bidders shall most expectedly be announced tomorrow, i.e. November 6th. The other runners apart from Videocon in this 2G spectrum race include Bharti Airtel, Idea Cellular, Vodafone and Telenor.
Looking back earlier this year, Supreme Court had annulled Videocon’s licences, but nevertheless permitted the companies to participate in the auction to go on with their businesses. Also, Tata Teleservices were permitted by the government to broadcast spectrum over Delhi circles without processing any charges. Currently, Tata has no GSM service in the capital due to absence of a start-up spectrum.
The 1800MHz band spectrum auction is slated for the 12th of November, while the 800MHz auction is scheduled two days after the government declares 1800MHz band auction winners.
UPDATE: Tata Teleservices walks out of the CDMA spectrum auction, and with that now no bidders exist for 800MHz band.