Spectrum auction set to flop

The Indian government’s attempt to sell telecom airwaves in the 1800 MHz and 900 MHz bands in March has come a cropper as companies found the price fixed by the government too steep.
Bharti Airtel, Vodafone India and Idea Cellular did not file documents to participate in the March spectrum sale by February 25, the deadline to do so.
In the 800 MHz band, Sistema Shyam, the only applicant, will bag airwaves at the base price. Sistema Shyam, the lone CDMA telco, said that it had submitted its application to participate in the 800 MHz spectrum auctions on March 11.