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Wireless

India gets no bids for 700 MHz spectrum

Friday 7 October 2016 | 09:08 CET | News
India saw no bidders for its premium 700 MHz spectrum in its recently concluded spectrum auction, ET reports. The 700 MHz band was auctioned for the first time in India. This band was expected to account for nearly 70 percent of the revenue that the government hoped to raise from the auction at the reserve price. According to industry executives and analysts, India's failure to attract bids for its 700 MHz spectrum was mainly due to its high pricing and the absence of a compatible device ecosystem.

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Categories: Mobile & Wireless
Countries: India
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