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2G Auction News Roundup: Tata Tele & Videocon Withdraw CDMA Spectrum Bids

Tata Teleservices Withdraws CDMA Bid Tata Teleservices has withdrawn its bid for CDMA Spectrum in the upcoming 2G auction, reports NDTV Profit. The company had previously submitted its bid to seek CDMA licenses in three circles (Assam, Jammu & Kashmir and North East) after the Supreme Court had revoked the licenses as part of the 122 telecom licenses revoked in February 2012. The company had deposited Rs 22.5 crore with Department of Telecommunication (DoT) for this purpose. Videocon Telecommunications Also Withdraws CDMA Bid Prior to this, Videocon Telecommunications had also withdrawn its bid for CDMA Spectrum, according to a Business Standard report. Videocon had previously applied for 10 circles in the CDMA spectrum and 17 circles in the GSM spectrum in the upcoming 2G spectrum auctions. While it had deposited Rs 648 crore with DoT for the GSM spectrum, it had deposited Rs 220 crore for the CDMA spectrum. The company had acquired a pan-India 2G spectrum for Rs 1,658 crore in 2008, but its licenses were revoked as part of the Supreme court judgement which cancelled 122 licenses issued in January 2008. With this development, there are no qualified bidders left for the CDMA spectrum in the upcoming 2G spectrum auctions. Indian Government To Be Ready For Legal Action From Sistema Telecom Minister Kapil Sibal has instructed the Law Ministry to take necessary actions in anticipation of legal action from the Russian conglomerate Sistema, reports The Economic Times. Citing sources, the report states that Sibal has written a letter to the Law Ministry…

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