Buyers must make at least one bid in 3G auction: BTRC

Telecom operators must make at least one bid to be a successful buyer in the 3G auction scheduled for September 8, an official said yesterday.
The base price of spectrum at the auction is $20 million per megahertz, and each bid will be equivalent to $1 million.
“Otherwise the auction won't be successful,” said Abdus Samad, a commissioner of Bangladesh Telecommunication Regulatory Commission (BTRC).
The telecom watchdog will finalise the auction procedure today after discussing the issue with the top officials of five mobile operators, he said.
All the five applicants—Grameenphone, Banglalink, Robi, Airtel and Citycell—have qualified for the 3G auction, according to a web posting by the regulator. But how many operators will eventually join the auction will become clear on August 26, the deadline for depositing the earnest money.