
Other news in the same newspaper, that has caught my attention is about Indian governement's decision (or is it just a proposal?) about inviting global bids for spectrum auction. The Indian Airforce is expected to vacate 42.5 Mhz of spectrum by July, this year. The bids will be invited after this. The significance of global bidding is that it will give some big global players, an opportunity to catch the telecom-boom bus, which they have lost or left earlier. For consumers, this will mean that they will have a richer 3G experience and the tariffs will be lowered considerably. And for government, this will mean big bucks. The news says -
"The most significant aspect of Wednesday's announcement read along with the modified 74% FDI guidelines in telecom announced by the government just last week, is a clear invitation for global telcos to put their money where their mouth is. Analysts suggest that this is perhaps the last opportunity for those who have not been a part of the Indian telecom juggernaut to now jump in."
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