Saturday, January 12, 2008

Hey..... You want a piece of this spectrum ?

The Hindu has the story of how the Government of India issued Letters of Intent for telecom operators:

... representatives of wannabe telecom companies literally got into fist fights and blows in a bid to be the first to get the letter of intent.

At 2:45 PM The DoT announces that Letters of Intent will be issued at 3:30 PM

...a representative of one of the applicants got a hired goon to ensure that it was his company which was the first to enter the gates.

Finally LIs were issued to nine companies. Real estate giant Unitech got LIs for 22 circles, Datacom for 22, BPL and Shyam got 21 LIs, Idea for 9 circles, STel got 6, Spice got only 4 though it had applied for pan India, Swan got 13 and Tata Teleservices got LIs for offering CDMA services in 3 circles.

If all the companies convert the LIs to licences by paying the entry fee, the Government will stand to get in excess of Rs 7,000 crore.

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