The government has said that 3G telephony spectrum available with it for sale currently could accommodate only three operators, reports media. A fourth slot had already been allotted to state-owned MTNL and BSNL. Earlier, it was decided that four private bidders could auction spectrum apart from the state owned players. The decision follows the Defense Ministry's hesitation to vacate designated spectrum for commercial use, sources said. A notification on the matter would be issued soon. The government fixed the reserve price of spectrum at Rs.3,500 crore for pan-India 3G spectrum and Rs.1,750 crore for Wimax or wireless internet/broadband. The auction is to begin from January 14, the reports said.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.